Timmy
His testimony before the Financial Crisis Inquiry Commission on Thursday (Panel 2) was abhorrent and so disingenuous. Apparently Gramm-Leach-Bliley and deregulation is unmentionable and had little or nothing to do with our current and on going Financial Crisis.
Well, I am sure if I were him that is what I would like to believe (see Geithner, Summers and Rubin.) What a weasel!
Bring back Glass-Steagall!
posted by Tuli | 4:47 PM
1 Comments:
Hi, Tuli,
It seems that we don't learn and we don't remember from the crises that occur every generation. It's a systemic problem.
I also think it's a systemic problem. I've seen the same trend in other organizations/institutions. The ones in charge of reform are often not able or willing to reform the system they're products/part of.
I can't wait to hear your take on Elena.
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