09 November 2009

Sullivan & Cromwell's Cohen Says the Abolition Of Glass/Steagall Was Not Responsible For Current Economic Crisis

Cohen lays most of the blame for the current Economic Crisis on "unregulated" Mortgage Bankers and Mortgage Brokers.

He says "If we don't get it (regulatory oversight of Mortgage Bankers and Mortgage Brokers)now, we are just sowing the seeds for a financial crisis where we won't come out of it."

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1 comment:

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