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標題: The warning of financial meltdown in 2008 [打印本頁]

作者: yoursecret 時間: 2009-11-9 20:18 標題: The warning of financial meltdown in 2008

"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission [CFTC] -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?"

She tried to regulate the Derivatives market in 1998 but the lobbyists and bankers asked Alan Greenspan to intervene. Greenspan and his cronies asked Congress to stop her and did. Greenspan believed the market should regulate itself and after the meltdown admitted he was wrong.

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http://www.pbs.org/wgbh/pages/frontline/warning/

作者: boss2007 時間: 2009-11-10 12:23

1# yoursecret

It has been melting since last fall ... Did u read the news the # 120 US banks bankrupted last week ? US T Bill only worth 0.03 cents now

China is currently proposed HKD to back up in case USD plunged next Spring ?

作者: peter236 時間: 2009-11-10 13:21

1# yoursecret

It has been melting since last fall ... Did u read the news the # 120 US banks bankrupted last week ? US T Bill only worth 0.03 cents now

China is currently proposed HKD to back up ...
boss2007 發表於 2009-11-10 13:23

Are they going to delink $HK from $US, just in case the US just crumble?

作者: yoursecret 時間: 2009-11-10 20:27

It has been melting since last fall ... Did u read the news the # 120 US banks bankrupted last week ? US T Bill only worth 0.03 cents now

China is currently proposed HKD to back up in case USD plunged next Spring ?
boss2007 發表於 2009-11-10 13:23

No idea, it's all news to me. why HKD?

作者: boss2007 時間: 2009-11-15 23:26

4# yoursecret

You guys then better ask Benny then @

http://www.youtube.com/watch?v=168P3K_b8Do

作者: yoursecret 時間: 2009-11-16 19:45

another internet crackpot, hoaxer, rumorist, idiot...

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