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A 1994 Report from GAO Warned Congress That Wall Street Could Explode
Monday, February 22, 2016 8:50
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A 1994 Report from GAO Warned Congress That Wall Street Could Explode
By Pam Martens and Russ Martens: February 22, 2016 Fourteen years before Wall Street blew itself up in 2008, the General Accounting Office (now called the Government Accountability Office), warned Congress that Wall Street was on a dangerous path that could put the taxpayer at risk of bailouts as a result of trillions of dollars of derivatives being held by a handful of interconnected firms. These dangers were heightened according to the GAO by … Continue reading →
Source: http://silveristhenew.com/2016/02/22/a-1994-report-from-gao-warned-congress-that-wall-street-could-explode/
