They all clubbed together to lobby Greenspan and Paulson to deregulate derivatives/CDS, not that it took much lobbying, and now they're bemoaning lack of regulation...
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| Lehman Brothers' former CEO blames bad regulations http://www.x404.co.uk/forum/viewtopic.php?f=19&t=23771 |
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| Author: | pcernie [ Thu May 28, 2015 11:34 pm ] |
| Post subject: | Lehman Brothers' former CEO blames bad regulations |
Lehman Brothers' former CEO blames bad regulations for bank's collapse | Business | The Guardian http://www.theguardian.com/business/201 ... s-collapse 'It's outrageous what you've been letting us get away with!' |
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| Author: | Spreadie [ Fri May 29, 2015 12:39 pm ] |
| Post subject: | Re: Lehman Brothers' former CEO blames bad regulations |
They all clubbed together to lobby Greenspan and Paulson to deregulate derivatives/CDS, not that it took much lobbying, and now they're bemoaning lack of regulation...
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| Author: | l3v1ck [ Fri May 29, 2015 1:08 pm ] |
| Post subject: | Re: Lehman Brothers' former CEO blames bad regulations |
It's the same reason why the Deepwater Horizon went up in smoke and polluted half of the Gulf Of Mexico. Companies working to the minimum standards required by lax regulation. |
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