On the recordMay 19, 2014
We probably would not have had a 5-year catastrophe in our economy had we done two things: one on the credit rating agencies; and the other is to require that portfolio insurance be called insurance.
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congress.govWe probably would not have had a 5-year catastrophe in our economy had we done two things: one on the credit rating agencies; and the other is to require that portfolio insurance be called insurance.
Capuano argues that proper regulation could have prevented economic catastrophe.
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