Flying blind


Crises always provide both the impetus and rationale for government action. Certainly, the Great Recession, as our current painful experience is frequently being called, is no exception. Right on cue, the Obama administration has released its Financial Regulatory Reform proposal. Subtitled A new foundation: rebuilding financial supervision and regulation, its substance fails to live up to its title.

The one very constructive proposal it advances is to eliminate legal form as the conclusive basis

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: