According to a quick blog post from DC non-profit Public Citizen, however, you actually only need three magic words to do the job — "innovation
Here's how you can do it. Three examples:
Reformers say: “Wall Street behaved relatively well until 1999, when Congress repealed the 1933 Glass-Steagall law separating commercial and investment banking and commerce.”
You say: “Financial innovation overran the anachronism of Glass-Steagall. Today’s economy isn’t your father’s Buick.”
Reformers say: “Derivatives that were intended to manage risk actually magnified it through such products as credit default swaps.”
No comments:
Post a Comment