Bill Clinton on Goldman Sachs, Financial Regulatory Reform

In the CSPAN video shown below, former President Bill Clinton comments on the SEC charges against Goldman Sachs and provides a brief account of his views regarding the problems with the financial system. Mr. Clinton specifically cites John Bogle’s views regarding financial intermediation consuming a greater share of economic output. He also provides some good examples regarding the difference between hedging transactions in derivatives and speculation. Read this article for more information and to view the video.

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