Jim Himes actually said...

Of all the vast causes in the web of the difficulties that brought down the economy in 2008, no area, I think, is more complex than the areas that you have been charged to oversee, derivatives; not Fannie Mae, not Freddie Mac, not pick-a-pay mortgages, not the activities of Countrywide.

Context

Himes discusses the complexity of derivatives in the 2008 economic crisis.

12/11/2012

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