All Commentary
Wednesday, May 26, 2010

Effort to Harmonize Global Finance Rules Falters


“The global campaign to harmonize rules for financial firms is swerving off course, threatening efforts to curb the risky bets that rocked the world economy two years ago.” (Washington Post,
Wednesday)

Until the politicians acknowledge that they created the risky environment, we will get nowhere.

FEE Timely Classic
“Government Must Keep Track of Derivatives?” by Robert P. Murphy