Regulating Derivatives News Today

Lived with decades of people attributing poll testing to hillary. ive got to say working on health care for all in 1994 certainly wasnt poll tested. shes been attacked by the right for a variety of positions shes taken. thats not poll tested. bill clinton passed nafta. if she runs for president, i hope all commentators will judge her on what shes putting forward. i worked for her for a decade. in the 2007-2008 campaign her economic program was focused on inequality before inequality was vogue. s...

On both sides of the equation. somewhere in america, you have to stand up for the if i had you shall he usufiduciary responsibility of being honest with customers. were saying after four or five attempts to regulate derivatives the majority republicans always voted against regulating derivatives. in fact it was republicans who led the charge to take out the oversight regulators of this market and say, stand on the sidelines. we clearly want to get the referee back in the game. we want somebody p...

Right? >> well do what we do with casinos. we dont close them down, we govern ement them. theres a camera on top of every table. theres a pit boss. if youve got rules then play your slightly risky game, but let us see when your risky game doesnt just affect those entities that christine talked about, but could in the case of aig or lehman brothers or bear stearns affect every last one of us and our ability to keep our job because our company couldnt get credit at the highest levels and had to la...

>> what would be those top three things in that bill? >> first thing we have to deal with too big to fail. we absolutely have to deal with too big to fail. we also should be dealing with the regulations, making the laws and not leaving it to the regulators. when this happened in 1929, we passed a whole series of legislation, glass-steagall act. margin requirements. we set the the fdic. that was by law. and it worked pretty well for about 50 years. then we started chipping away at it. really got ...