"I think this is a very good time to strip down our regulatory system to its bare bones and rebuild it into something more effective: streamlining regulatory authority, refocusing it on systemic risk and giving it the power to pursue those issues more effectively, purging the overreliance on single models that make things more convenient for the regulators, and figuring out how the hell Basel II went so deadly wrong."
Thursday, October 16, 2008
Once again, Megan is "on the money" - Read it all...
2-4-6-8! Time to overregulate!
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