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