Paul Singer Calls For "New Glass-Steagall" As He Proposes Derivatives Solutions

It wasn’t long ago that senior management at Elliott Management, a hedge fund that has been widely critical of the topic rarely discussed in media – unregulated derivatives that are positioned to threaten the world economy – also accurately predicted the 2008 derivatives meltdown and warned European Central Bankers beforehand.

Also see: Paul Singer: “Conditions In The Global Economy Are Clearly Abnormal” and Paul Singer Considers “Mass Delusions” That Is Central Bank Stimulus

Singer has warned in clear fashion regarding the real structural economic threats, the scary ones, that are facing the U.S. economy.  For instance, he not only recently provided a rather logical Brooksley Born-like warning regarding derivatives, but also noted that Wall Street has a crime problem,...