Battle Over Financial Regulations Heats Up
APRIL 15, 2010
“The White House and congressional Republicans sparred Wednesday over how to protect taxpayers against ‘too big to fail’ financial institutions, sharply disagreeing on whether legislation backed by President Barack Obama would leave the government on the hook for bailing out firms whose failure might threaten the economy.” (Associated Press, Thursday)
The pretense of regulatory knowledge.
FEE Timely Classic
“Speculation and Risk” by Dwight R. Lee