http://www.maniacsolutions.com/affiliate-marketing-europe/
How can you deny, Alan Greenspan, has any involvement with the crisis, as chairman of the Federal Reserve in 1987-2006?
Regulation. He testified in Congress in 1998 that the regulations serve no useful purpose hinders the efficiency of markets to enlarge standards of living. " Treasury Secretary Robert Rubin (1995-1999) agreed, but expressed doubts. Lawrence Summers, who succeeded Rubin completely opposed regulations. They sought self-government Regulation lame and then pursued the idea of a clearinghouse. SEC was alarmed because it lost its authority over fraud and insider trading. The SEC used to have authority over the brokerage arms of investment banks like Lehman Brothers and Bear Stearns, but were in the dark about their holding companies and unregulated affiliates. 2004 – Europe pushed for transparency U.S. in these holding companies, unattainable without regulation.By then the damage is done. Today still no regulations. All five brokerages bankcruptcies filed or become commercial banks.
At least he admitted he was working under the assumption that was false and that he made mistakes. Lately, it seems that nobody wants to admit they had some part in creating the crisis that we are today. But in this case, there is definitely enough blame for everyone!
Aff Europe Chief Marketing Officer Interview at London Affiliate Conference