Tuesday, July 22, 2008

Interesting: How Loosey-Goosey Regs Set Up Market Tsunami

The financial hurricane that's decimating the markets has its roots in landmark policy changes back in the 1980s that "castrated" government regulators, says author Bill Greider in this interesting Q&A with PBS's Bill Moyers, titled "Nightmare on Wall Street." Greider talks about how the mess could transform U.S. politics, a theme he also addresses in this item.

TAGS: investing, market, finance, Federal Reserve, Bernanke, bank

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