SEC and CFTC targets of Wall Street financial reform - Mar. 1, 2011
Here we are some 3 years after the Wall Street debacle and still there are none of the people responsible in jail. It could be that this is the way it is going to be. It is possible that the legal area in which they operated was fuzzy enough to allow debatable actions. One thing that is agreed on is that regulation was ineffective and that some of the crisis creating actions were allowed to continue without examination. Now we see those in Congress attempting to recreate the same conditions in their zeal to cut budgets and regulation. Penny wise and Pound foolish.
No comments:
Post a Comment