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cartman · 09-15-2008, 06:49 PM

I would place more of the blame at the feet of Gramm than I would Greenspan. The crap he authored and got passed into law his last couple of years in Congress led directly to the current financial crisis. Some of the measures passed took a lot of the more esoteric financial vehicles out of the realm of federal governance, leaving the Fed pretty much powerless to do anything about them.

09-15-2008, 06:49 PM	#255
cartman Death Herald Join Date: Nov 2000 Location: Le stelle la notte sono grandi e luminose nel cuore profondo del Texas	I would place more of the blame at the feet of Gramm than I would Greenspan. The crap he authored and got passed into law his last couple of years in Congress led directly to the current financial crisis. Some of the measures passed took a lot of the more esoteric financial vehicles out of the realm of federal governance, leaving the Fed pretty much powerless to do anything about them. __________________ Thinkin' of a master plan 'Cuz ain't nuthin' but sweat inside my hand So I dig into my pocket, all my money is spent So I dig deeper but still comin' up with lint Last edited by cartman : 09-15-2008 at 07:49 PM.