Hillary's chief economic adviser helped author the CFMA which deregulated derivatives while in the

[think]

Bill Clinton administration:

What's the Problem with Gary Gensler?

ELANA SCHOR APRIL 17, 2009

~Snip~

After retiring at age 39 from Goldman Sachs, the derivatives-mad firm that has profited nicely from the government's multiple financial bailouts, Gensler came to the Clinton Treasury Department. There he worked on CFMA, the bill that allowed the derivatives market to metastasize into a hotbed of financial risk with an estimated value -- before last fall's financial crash -- exceeding the world's real financial holdings.

~Snip~

Michael Greenberger, the University of Maryland law professor who headed the CFTC's trading division during the 1990s, told Peterson's panel in February that derivatives trading on exchanges is a superior alternative to clearing. Exchanges, he told the agriculture panel, are the best way to enforce safeguards against the fraud and manipulation that derivative traders were allowed to sidestep under the CFMA.

"We would never settle for clearing, and clearing alone, as a substitute for the regulatory and self-regulatory structure that surrounds the equities market," Greenberger said. "Moreover, clearing without other prudential safeguards just places an apparently sound financial institution as the guarantor of the counterparties [to any derivatives contract]."

University of Missouri professor William Black, the former senior bank regulator who helped wind down financial institutions that failed during the 1980s savings-and-loan debacle, agreed that clearinghouses are an insufficient method to keep tabs on destructive derivatives.

"You should have clearinghouses, but that wouldn't have stopped this crisis," Black said. "It would have blown right through the clearinghouses."....

http://prospect.org/article/whats-problem-gary-gensler

And Hillary used the CFMA to attack Bernie when it was her top economic adviser, Gary Gensler who wrote it and promoted it while part of Bill Clinton's administration.

Bill Clinton along with Republicans quietly attached this legislation into an Omnibus spending bill:


http://www.truth-out.org/opinion/item/34497-the-most-disingenuous-attack-on-bernie-yet

[Kip Humphrey]

1. A Hillary presidency will be more of this.

[think]

2. Yep. The fact that she would use this to attack Bernie & blame him for this is most telling as to

how she'll be as president.

Very disturbing if anyone has a clue as to what she did by smearing him with the CFMA fiasco...

[Faux pas]

3. Kickin' for reference