The bottom line is that financial institutions will not be forced to trade trillions of dollars of derivatives on public exchanges where margin requirements would protect taxpayers against potential losses. Instead, Congress has given Wall Street the green light to continue selling products that are insufficiently capitalized so they can keep raking in gigantic profits. That means it’s only a matter of time before another one of the financial giants keels over from its bad bets. It will be AIG all over again.'
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Not sure how to email you. Like to make a contribution (not financial - broke). Have you seen www.pbs.org The Warning? Interesting comment within it that Greenspan thought fraud was ok.
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