“As the financial crisis entered one of its darkest phases in October, a handful of the nation’s largest banks began holding daily telephone sessions. Murmurs were already emanating from Washington about the need for a wide-ranging regulatory overhaul, and Wall Street executives girded for a fight.” (New York Times, Monday)
Bailout good; regulation bad.
FEE Timely Classic
“Banking Without Regulation” by Lawrence H. White
