Listen to Interview with Frank Partnoy
Frank Partnoy, author of "Fiasco", explains how derivatives and the weakening of regulations helped to create the current economic mess. Of particular note is the role of Phil and Wendy Gramm, in this regard. Partnoy is a former derivatives seller who left the business years ago and now directs the securities law division at the University of San Diego.
http://www.npr.org/templates/story/story.php?storyId=102325715
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