with financial deregulation and critically had huge concerns about unregulated markets called o.t.c. markets or dark markets that sounds scary as it should because these were bets on what a stock might be worth in the future be it a day or year or a month or more regulators or had no view was taking place they had no view as to what was taking place and nobody knew what or how much was being wagered nor the exposure the risk that is of the entities engaged in the trading so chair borne work with the p.w.g. the president's working group which included secretary of treasury and chairs of the federal reserve securities and exchange commission and herself to see f.t.c. but none of the others were concerned about dark o.t.c. markets after all clinton nomics was about deregulated not regulating but chair borne didn't let up to see if he issued a proposal just a proposal on how the dark o.t.c. markets might be regulated in a thoroughly unusual unprecedented fashion the other members of the p.w.g. trashed it within hours of its release for her troubles president clinton replaced or the new chair had

the others were concerned about dark o.t.c. markets after all clinton nomics was about deregulated not regulating but chair borne didn't let up to see if he issued a proposal just a proposal on how the dark o.t.c. markets might be regulated in a thoroughly unusual unprecedented fashion the other members of the p.w.g. trashed it within hours of its release for her troubles president clinton replaced or the new chair had no issues with these dark o.t.c. markets and fast forward it past two thousand and the us has a new president george w. bush bush forty two and he takes over great really a great economy with budget surplus us g.d.p. fell in the wake of nine eleven but recouped in two thousand and three through two thousand and five which saw three point five percent rate the deregulation of the financial sector continues with laws and various rules and then the housing market starts to go gangbusters and here to talk about what was taking place is kathy the co-founder of real wealth network kathy welcome appreciate you being here what w

with financial deregulation and critically had huge concerns about unregulated markets called o.t.c. markets or dark markets that sound scary as it should because these were bets on what they stuck might be worth in the future be it a day or year or a month or more regulators or had no view was taking place they had no view as to what was taking place and nobody knew what or how much was being wagered nor the exposure the risk that is of the entities engaged in the trading so chair boren work with the p.w.g. the president's working group which included secretary of treasury and chairs of the federal reserve securities and exchange commission and herself to see f.t.c. but none of the others were concerned about dark o.t.c. markets after all clinton nomics.

you have big large huge trade you don't really market moving trades and they require that you do those at certain times and they even used to do that the o.t.c. space just so they don't push markets around so regardless of where these you know hundred lots in a sub wall at a big point came from you know does it and i know you don't like regulation in general jeffrey but does it make some sense in order to try and tamp down the volatility that we have with kryptos. are you going to do that is twenty four seven in crypto land i was is that going to be any change in that as the global assets are not traded on an international exchange i think i would just be a completely hopeless undertaking listen you've got you've got nick on here. this guy full of wisdom he's been there he's done that he's seen this what it is say twenty thirty times i have to year over year on the calendar year we're still doing just fine actually people who got in and december right now are wondering what were they think. and that's just that's just that's that's the way it is and krypto laddie and i look at all these reports these days about. those dead the blood bath you