WAS
Senate Banking Committee chair (1995-2000)
KNOWN AS
“High priest of deregulation”
WHAT HE DID
Pushed repeal of Glass-Steagall Act, leading to rise of megabanks.
WORST MOVE
Wrote law that exempted disastrous CDS deals from all regulation.
NOW ADMITS
Nothing. Says there is “no evidence” his laws caused crash, which he dismissed as a “mental recession.”
0 Comments until now.
Comment!