Belmont Club

By Richard Fernandez

Bio

Get Updates From Richard Fernandez
A Comment About

The second debate

October 8, 2008 - 2:28 am - by Richard Fernandez
slade
2008-10-08 23:50:11

Buddy – the only disagreement I have with the market versus government failure is that 2003/04 (around there) under Donaldson as SEC chairman the five big investment houses were allowed to leverage up from 12:1 to 30:1. I guess it depends on whether you call that government regulation or deregulation. The rest of it is pretty clear.

Has been for some time.

Good verse.