Innovation
The Sellout: How government encouraged Wall Street's risk-taking
Charles Gasparino, in his new book, The Sellout, shows how 30 years of misteps by Wall Street and government agencies lead to the financial crisis. In fact...Gasparino believes that the government actually enticed Wall Street's risk-taking. Gasparino goes on to argue, that given repeated missteps, the SEC should shut be down and the policing powers should be given to another government agency such as the FBI.
In this MoneyWatch exclusive, editor-at-large Jill Schlesinger, spends some time with award-winning financial journalist and reporter Charles Gasparino. Gasparino, in his new book, The Sellout, shows how 30 years of misteps by Wall Street and government agencies lead to the financial crisis. In fact...Gasparino believes that the government actually enticed Wall Street's risk-taking. Gasparino goes on to argue, that given repeated missteps, the SEC should shut be down and the policing powers should be given to another government agency such as the FBI.
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This post was originally published on Smartplanet.com