February 10, 2009
On January 29, the Congressional Oversight Panel (COP) released its Special Report on Regulatory Reform (PDF link). The COP, established by Congress to oversee the Treasury’s bailout plan, is chaired by Harvard law professor and consumer advocate Elizabeth Warren. The report argues that the roots of the current crisis lie in twenty-five years of financial [...]
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September 17, 2008
The StarTribune has a commentary on the current turmoil in the financial markets. While the latter half of the commentary turns into an endorsement of Obama,* the first part identifies the cause clearly and concisely: “The banking and investment industries have been inadequately regulated, and consumer protections were diminished.”
All the fancy highly sophisticated financial products [...]
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