http://kanjoh.com/2009/09/02/credit-crisis-part-1-the-first-signs/ Financial Clarity Above The Noise Thu, 26 Jan 2012 04:00:24 +0000 hourly 1 http://wordpress.org/?v=3.0.4 http://kanjoh.com/2009/09/02/credit-crisis-part-1-the-first-signs/comment-page-1/#comment-1121 Tim K Wed, 17 Feb 2010 16:48:36 +0000 http://kanjoh.com/?p=295#comment-1121 Wouldn't some discussion of Brooksley Born and her courageous CFTC warnings in the late 90's be appropriate here? If we want to expose the bank execs for the cads they were and are.... then a mention of the political lobbys - and the power that they wield might be appropriate as well. When Born was calling for some transparency into these forms of investments - and some prudent regulation to protect the american public --- the politicians and cabinet members of the Clinton Administration were cozily snuggled up with their lobbiests and special interest group - the Banking industry. Born's authority to blow the whistle was legislatively taken away. Even to this day....after all the chaos - we still have no regulations on OTC Derivatives..... lobbys and special interests need to be exposed for the damage they have and continue to do as well. Wouldn’t some discussion of Brooksley Born and her courageous CFTC warnings in the late 90′s be appropriate here? If we want to expose the bank execs for the cads they were and are…. then a mention of the political lobbys – and the power that they wield might be appropriate as well. When Born was calling for some transparency into these forms of investments – and some prudent regulation to protect the american public — the politicians and cabinet members of the Clinton Administration were cozily snuggled up with their lobbiests and special interest group – the Banking industry. Born’s authority to blow the whistle was legislatively taken away. Even to this day….after all the chaos – we still have no regulations on OTC Derivatives….. lobbys and special interests need to be exposed for the damage they have and continue to do as well.

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