Now he tells us…

Bill Clinton talks to Jake Tapper and says he got  bad advice on derivatives from Robert Rubin and Larry Summers, because nothing is ever Slick Willie’s fault.

Aren’t those the same people His Oneness is getting the same bad advice from now?

Gee,  I feel so much better now  —  don’t you?

Financial education…

Derivatives and  hedge funds make my head hurt, but in order to fully understand the folly of government, including Congress, and the financial sector, you need to know something about them all.  I have trolled for some comprehensible explanations which won’t cause permanent migraines.

Next, are 2 pdf files from Mercatus Center, both 4 pages long, the first on what role capital and leverage in financial markets played in the current mess.   The second deals with the role of hedge funds.

I also found one on credit default swaps which makes sense.

Finally, Stephen Spruiell details Democratic efforts to misuse Fannie Mae and Freddie Mac to reinflate the housing bubble which they were used by Democrats to create.