Deregulation Without Cultivating Better Rules
Top bank lawyer’s e-mails show Washington’s inside game at Bloomberg shares insights into how regulation is impacted when regulators and the industry regulated share too much.
Pruning Hedge Fund Regulation Without Cultivating Better Rules By Jesse Eisenger, ProPublica at Dealbook, NYT also writes on the SEC and de-regulationscommercial water slides for sale.
Given that SEC regulators and financial industry legal representatives are, over a short span of time, one in the same group of “professional experts,” why would anyone assume that the regulatory process will be in any way directed by the best interests of the public? With 2,200 pages of regulations without any rules who would expect any serious effort at enforcement?
Scrap the past two decades of financial reform legislation and make it simple. Re-enact Glass/Steagall. It worked well for fifty years.