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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If your bosses told you to do something and you didn't do it for 8 years, how long do you think you would be employed?
the concept of taking protections away from small investors just strikes me as anathema.
it is unequivocally directed to your superiors who do have the authority to say no, and should have said no to this policy.