The Big Picture Mon 2009-10-12 10:03 EDT

Fixing Derivatives Regulation

Any plan that seeks to reverse the unregulated wild west that derivatives have existed in since 2000 must have a simple beginning: Repeal the Commodity Futures Modernization Act. This ruinous and corrupt legislation, pushed through by the Bonnie & Clyde of deivatives, Enron Board member Wendy Gramm, and her astonishingly clueless ideologue husband, former Texas Senator (and current UBS member) Phil Gramm, lay at the heart of the current derivatives debacle. After Greenspan, Gramm is the single most culpable individual in terms of damaging the global economy.

Big Picture; Fixing Derivatives Regulation.

Tue 2006-06-20 00:00 EDT

Public Citizen | Press Room - Public Citizen and United for a Fair Economy Expose Stealth Campaign of Super-Wealthy to Repeal Federal Estate Tax

Fair Economy Expose Stealth Campaign; press room; Public Citizen; Repeal Federal Estate Tax; super wealthy; unit.