Quote:
Originally Posted by Exotix
I'm gonna reserve judgment until I scrutinize Credit Agency Soverign Debt Rating methodology which apparently was altered back with Bush that allowed for over-rating of Bundled Securiites (allowing for derivatives they weren't regulated) and under-estimating risk and this was the genesis of the 2008 economic collapse and great depression ... and how this had such a destructive impact on an economy that essentially became inert .. (in it's fail-safe systems since 1929)
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At least get your facts straight. Clinton was the one who allowed for the derivative boondoggle.
he has even said that was a mistake. day late and dollar short of course.
Our whole economic mess can be traced directly back to your hero clinton.