Dylan Ratigan: Leverage, Hank Paulson And The SEC (Video)

CNBC's Ratigan chastizes Treasury Secretary Hank Paulson for pushing for deregulation while he was CEO at Goldman Sachs that ultimately led to the collapse of of all 5 large investment banks.

More of the same with a touch more focus on failed bank CEOs and the Wall Street bonus structure.

The peculiar severity of our current banking crisis is due to three factors: 40:1 leverage, Henry Paulson as CEO of Goldman Sachs and his role in this 2004 decision by the SEC.

Ratigan understands and agrees. These 2 clips from Fast Money might even have gotten him fired.

See also:

Ratigan Tees Off on Bank CEOS, Bailouts and Bonuses

bank bailout news, youtube video

Comments

[eye on the ball]

Is there any wonder why Paulson was put in as Treasury Secretary just before this whole scam blew up? It was to protect all his banker friends. It is far worse than 6 degrees of seperation. When is there ever going to be an indicment for anyone involved in this fiasco!

[Ain't Bullshittin']

NEVER...The rulers of the UNIVERSE answer to........... NO ONE!

[Puzo]

Paulson's role is getting more scrutiny. The problem is determining if he broke any laws. Conflicts of interest yes, but laws, I'm not sure.