Nostra-Byron-Dorgan-Damus

I'm not sure when Rick Sanchez became the hammer of the people, but I like it. By the way, he hasn't aged a day since the first time I saw him, hunched over a map of Cuba doing commie-baiting scare shtick on local TV in South Florida. The man is Richard Alpert.

Anyway, in this clip he gives credit to Senator Byron Dorgan for absolutely nailing it in 1999 when he said that in ten years we would look back in regret at the deregulation of credit-default swaps. In fact he argued against the idea as early as 1994. So, none of that no-one-could-have-seen-it-coming garbage.