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have on Clinton that would make him have to kiss their ass like that retroactively (even if he does imply it was Greenspan who gave him the bad derivatives advice, not Rubin and Summers)?

Clinton: I Was Wrong to Listen to Wrong Advice Against Regulating Derivatives* - Political Punch

*UPDATE: After the show Sunday, Clinton Counselor Doug Band wrote me to say that "during the interview, reflecting on a derivatives debate that occurred twelve years ago, President Clinton inadvertently conflated an analysis he received on a specific derivatives proposal with then-Federal Reserve Chairman Alan Greenspan's arguments against any regulation of derivatives."

Band wrote that President Clinton "still wishes, as he has said several times, that he had pursued legislation to provide additional regulatory authority in this area, even though the Republican majority in Congress would have blocked such an effort. And he remains convinced that he received excellent advice on the economy and the financial system from his economic team, led by treasury Secretaries Bentsen, Rubin and Summers; that Chairman Greenspan served the nation well during those 8 years; and that SEC Chairman Arthur Levitt, and others in regulatory positions fulfilled their responsibilities in a manner that supported remarkable growth without improvident risk."

The point is not to be right, but to get to right.
by marco on Mon Apr 19th, 2010 at 02:07:12 AM EST
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