by: Robert Scheer | Truthdig | Op-Ed
http://www.truth-out.org/robert-scheer-after-summers-comes-fall63267
Even Bill Clinton, who signed off on the radical deregulation enabling this financial meltdown, expressed remorse in one surprisingly honest moment. In an interview on ABC’s “This Week” last April, Clinton was asked by Jake Tapper if he had received bad advice from Summers and his predecessor, Robert Rubin, on regulating financial derivatives, and he replied: “On derivatives, yeah I think they were wrong, and I think I was wrong to take [their advice], because the argument on derivatives was that these things are expensive and sophisticated and only a handful of investors will buy them and they don’t need any extra protection and any extra transparency.”
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