https://pjmedia.com/richardfernandez/2008/10/16/boom-and-boom/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usThu, 11 Jun 2026 01:51:38 -0400<![CDATA[The search for the culprit in the current financial crisis continues. The Washington Post has an article which appears to put the blame on the Clinton Administration for failing to extend regulation into the burgeoning field of derivatives &#8212; but really puts the onus not on the Clintons but on financial industry lobbyists and the misguided spirit of a Republican deregulatory mania who led his administration astray. The basic storyline is that a lonely bureaucrat &#8212; Brooksley E. Born of the Commodity Futures Trading Commission &#8212; wanted to regulate derivatives but was forced back by the &#8216;Wall Street legends&#8217; Alan Greenspan, Robert E. Rubin and Arthur Levitt Jr. Treachery overcame good intentions and here we are.]]>Thu, 16 Oct 2008 05:02:23 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2008/10/16/boom-and-boom-n186264