REP. MALONEY ASKS GREENSPAN WHY HE OPPOSED REGULATION OF DERIVATIVES AS FORMER FED CHAIR ADMITS ERROR
October 23, 2008
October 23, 2008
WASHINGTON, Oct. 23 -- Rep. Carolyn B. Maloney, D-N.Y. (14th CD), issued the following news release:
In today's hearing held by the House Oversight and Government Reform Committee, Rep. Carolyn Maloney asked former Federal Reserve Chairman Alan Greenspan about his longstanding opposition to the regulation of derivatives, and Greenspan conceded that at least one type of controversial derivatives - credit default swaps - should be regulated.
In 1999, Rep. Maloney spea . . .
In today's hearing held by the House Oversight and Government Reform Committee, Rep. Carolyn Maloney asked former Federal Reserve Chairman Alan Greenspan about his longstanding opposition to the regulation of derivatives, and Greenspan conceded that at least one type of controversial derivatives - credit default swaps - should be regulated.
In 1999, Rep. Maloney spea . . .