The end of lightly regulated finance has come far closer

[Silverbird]

A British Columnist piece on the Financial mess.

http://www.ft.com/cms/s/0/49a481fe-8406-11dd-bf00-000077b07658.html

 

[jon]

Thanks Silverbird. Economist Martin Wolf's article suggested correcting our financial crisis will take considerably longer to resolve. If this is true and there is no guarantee we, including other countries, will take the right steps, I wonder if we will see sustained markets resurgence anytime soon, much less a bottom. How critical and how likely is restructuring executive compensation? Will we have reporting mechanisms available to the public that more accurately reflect how corporate policies are affecting corporate financial risks? Are we willing to pay and equip regulators to match the skills of corporate financial departments?

The timing of this crisis should be ideal before a presidential election, except both parties choices seem to be lightweights on almost everything. All the more reason why we need a long and through national discussion and debate on these matters.:worried:

 

[Silverbird]

30-year deregulation era dies a sudden death

Food, financial debacles bring the r-word back in fashion in Washington D.C.

.....the implosion in financial services — until recently seen as the shining example of U.S-style free market capitalism — is the definitive sign that deregulation has lost its allure. In areas ranging from food safety to airlines to trade, increased government supervision is becoming acceptable to business as well as to voters.

"Over the past couple of years, the mood has changed," says Chris Waldrop, director of the Food Policy Institute at Consumer Federation of America. "What's possible has expanded."
............
http://www.msnbc.msn.com/id/26774653/