CSPAN2 Book TV February 14, 2010
and like i say, in early september, they both were broke. it's worth noting, for those who take shots at some of the people who are operating during september and october, that those two institutions, cne and friday were chartered by congress and were ruled by congress. for those who have heard them criticize the leverage in the banking system, it should be also noted that they allowed that fix to operate with the 421 leverage ratio and they let them guarantee over 100 times the amount of capital they had in mortgage guarantees. so these two institutions, which were vital to the very...