there wouldn't have been a major financial crisis
Posted on: April 8, 2012 at 21:37:12 CT
Gadfly MU
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without deregulation of derivatives
and subsequent unregulated leveraged speculation in derivatives mkts
and credit default swaps by hedge funds and investment banks
and proprietary trading
that caused the financial crisis
and can be prevented with proper regulation
like we had in the 30s
that prevented major financial crises for over 50 years
so you are wrong