Open Left

The Systemic Risk Regulator... (4.00 / 1)

is a single point of failure.

Any reason why cognitive regulatory capture won't be easier for the big banks under the new regimen?

Thought not. Another FAIL in the making, though after the midterms, so who cares?

The real answer is to break up the big banks, or, better, to turn them into regulated public utilities, but all that is "off the table." Of course.

I am in earnest -- I will not equivocate -- I will not excuse -- I will not retreat a single inch -- AND I WILL BE HEARD.  

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by: lambert @ Tue Jun 16, 2009 at 10:13:25 AM CDT

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