agencies or entities that are going to watch over us. this wednesday, senator levin held a hearing looking at what happened in the meltdown. he said something that i thought was really interesting. so where were the bank regulators? they had a front row seat to washington mutual s high-risk le lending strategy and poor quality loans but did little to stop it. let me put up on the screen for our viewers the number of financial industry regulators that are around that already exist and we still had the meltdown. they were asleep at the switch. goldman sachs has been charged with and says it is sint, has been charged with monkeying around with these dir i have tifs. you have all these regulators. now, you are going to create more regulatory agencies. more oversight committees. why are they going to work any better than the multiple ones that are in place? one of the things that failed in the last xris sis was the
this wednesday senator levin held a hearing and he said something i thought was really interesting. so where were the bank regulators? the painful fact is they had a front row seat to washington mutual s high-risk lending strategy, its poor quality loans and substandard securitization practices but did little to stop it. let me put up on the screen for our viewers the number of financial industry regulators that are around that already exist and we still had the meltdown. they were asleep at the switch. goldman sachs was at least has been charged with and says it s innocent but has been charged with really monkeying around with these derivatives. now you re going to create more regulatory agencies, more oversight committees. why are they going to work any better than the multiple ones that are in place? candy, one of the things that failed in the last crisis was the fact that these individual regulators, one, didn t have current time data and, two, they