Will the Credit Crisis play out with favoritism granted to the well-connected?

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Greenspan as head of the Federal Reserve consistently argued that Derivative Securities should not be regulated as they were important tools by which banks could offset risk.  Though the Congress didn’t understand most everything the former Fed Chairman said during his terms at the Federal Reserve, the plain language stuff was goo-gawed at and acted upon

Time to strengthen oversight of Mortgage Lending…Duh!

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One thing you can count on from government is that they will eventually notice a problem and arrive at cogent mix of regulation and scapegoat once its too late.  Great that Treasury Secretary Paulson today wants stronger oversight of mortgage lenders to avoid

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