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So, you’ve talked about two of the issues in terms of a very powerful and most destructive deregulation beneath President Clinton by statute. Link the issues that you’ve simply been speaking about. SEN. BERNIE SANDERS: Do you consider that the deregulation https://leveleight.club/uncategorized/the-club-casino of Wall Street, pushed by individuals like Alan Greenspan, Robert Rubin, contributed significantly to the disaster we saw on Wall Street several years in the past? AMY GOODMAN: For extra on the nomination of Jack Lew, as well as different information about Wall Street, we’re joined by two visitor. JUAN GONZÁLEZ: Well, Matt Taibbi, your response to the nomination of Jack Lew by President Obama? AMY GOODMAN: That’s Jack Lew responding to Bernie Sanders, who, when President Obama announced his nomination of treasury secretary-to treasury secretary of Jack Lew, Senator Sanders said, “We don’t need a treasury secretary who thinks that Wall Street deregulation was not accountable for the monetary disaster.” Professor Black? And that is the guy, in spite of everything of those failures, who also is intellectually dishonest.
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And the rationale they’re not foreclosing is, when you foreclose, you've gotten to acknowledge losses below the accounting rules. I believe it’s-the symbolism of this choice is, I believe, crucial for individuals, just the mere truth of choosing any individual from Citigroup and from roulette casino game download that same Bob Rubin nexus that Timothy Geithner came from. We haven’t talked about the truth that he received a huge bonus for destroying-helping to destroy the world at Citicorp. You talked about foreclosures reaching record highs. WILLIAM BLACK: Well, I mean, Summers, for example - you talked about Geithner’s aides and the way much cash they'd made, and, after all, it’s absurdly large, and they’re making it usually for not doing a lot of anything. So this is an internet of fraud, wherein they're getting as much as they will earlier than the place goes to hell in a handbasket again. Finance is alleged to exist for only one function: to make the true economic system work higher.
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