On the recordJune 1, 2009
Exempting these investments from regulation has proven to be a costly mistake--contributing to the $180 billion taxpayer bailout of AIG, the collapse of Lehman Brothers, and the demise of Bear Stearns.
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congress.govBarack Obama: “Exempting these investments from regulation has proven to be a costly mistake--contributing to the $180 billion taxpayer…”
Editor's note · Context
Obama critiques the lack of regulation on financial derivatives.
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