Jump to content

Frontline: The Warning


KFRCanuk
 Share

Recommended Posts

Enjoyed it. The full interviews available via the links beside the video, such as Arthur Levitt's, were also enlightening, giving a lot more background to it. At the time it was only interest rate swaps she wanted to regulate. He says, in hindsight, he should've said, yes you're right, there shold be regulation and there should be an open, transparent market for them, but the existing swaps will be disrupted by sudden regulation, so let's grandfather them and apply oversight and transparency to new issues. This could have appeased both sides. Then again, Greenspan was such a deregulator, and there may have been such lobbying pressure/regulatory capture that they'd have still opposed vigorously.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...