Rep. Ackerman on Systemic Risk
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And it's gov't who created CDS and CDO... That is well known...
It's not fhe Govt who put the world in the mess, it's the banker who made CDO out of subprime mortgage to get rid of the shitty mortgage they knew would not pay out.
At a given point, they were even happy to have more mortage so they would be able to put more CDO on the market.
Melpheos1er 2 years ago
Heres a suggestion for systematic risk regulation, and not one useless hearing is required: recall Congress.
matahaari 2 years ago
What a friggin joke. The ONLY people who have put this economy at risk is the FEDERAL GOV. The same pompous, pork loving, socialists holding these hearings. You want to secure our economy? Get rid of the likes of Dodd, Frank, Schumer and Pelosi. It was democrats forcing socialism, and democrats sleeping on the job that put us at risk. More piglosi fail
karen32862 2 years ago 2