Dylan Ratigan: Leverage, Hank Paulson And The SEC (Video)
Apr 7, 2009 at 3:58 PM
DailyBail in 2004 sec decision, Dylan Ratigan, Wall street bonus, bailout, bailout news video, bailout opinion, bailout rant, bailout video, bank bailouts, henry paulson, leverage

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

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