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Tag >> New York Times
Mar 23
2008

Billions off the balance sheet, and it's legal?

Posted by bhodgman in PoliticsNew York TimesFinancial NewsFederal RegulationDebt Crisis

There's an article in the Sunday New York Times about how the current mortgage debt crisis in the U.S. financial system came about (http://www.nytimes.com/2008/03/23/business/23how.html?ref=business&pagewanted=all)

There are calls for new regulations and changes to the Federal Reserve/SEC mission, but one passage in particular struck me:

"Among the topics they discussed

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