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Forum Post: Learn how the congressional pay for play works for Wall Street

Posted 13 years ago on Nov. 9, 2011, 4:09 p.m. EST by LNAB73 (82) from Oklahoma City, OK
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http://www.wallstreetwatch.org/reports/sold_out.pdf

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2 Comments


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[-] 1 points by LNAB73 (82) from Oklahoma City, OK 13 years ago

These are the 12 Deregulatory Steps to Financial Meltdown:

  1. Repeal of the Glass-Steagall Act and the Rise of the Culture of Recklessness
  2. Hiding Liabilities: Off-Balance Sheet Accounting
  3. The Executive Branch Rejects Financial Derivative Regulation (2003)
  4. Congress Blocks Financial Derivative Regulation
  5. The SEC’s Voluntary Regulation Regime for Investment Banks
  6. Bank Self-Regulation Goes Global: Preparing to Repeat the Meltdown?
  7. Failure to Prevent Predatory Lending
  8. Federal Preemption of State Consumer Protection Law (2003)
  9. Escaping Accountability: Assignee Liability
  10. Fannie and Freddie Enter the Subprime Market
  11. Merger Mania
  12. Rampant Conflicts of Interest: Credit Ratings Firms’ Failure
↥twinkle ↧stinkle reply
[-] 0 points by betuadollar (-313) 13 years ago

Yea, I'll buy all of that.

↥twinkle ↧stinkle reply