Monday, March 7, 2011

The Derivatives Monster is a Zombie

Here is an interview with US Senator Barney Frank where he points out that the right wing Republicans are using "deficits" as they smokescreen to bring back deregulation of derivatives, the heart of the cause for the 2008 economic collapse:

Notice the closing line: the Financial Times (a right wing magazine) said that if the Republicans are looking for a way to trigger another financial collapse, this is the way to do it!

There are more details in Yahoo! news.

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