All Commentary
Tuesday, September 7, 2010

Financial Oversight Board Faces Daunting Task


“How’s this for a daunting assignment: Monitor the entire financial landscape for risks that could spark another crippling crisis. Identify and supervise firms that could pose those systemic risks. And make sure they never grow so large, complex and leveraged that their failure can wreak havoc across the globe. In a nutshell, that’s the mission of the new Financial Stability Oversight Council, which in coming weeks will hold its first gathering to figure out how to accomplish those lofty goals.” (Washington Post)

Not daunting. Impossible!

FEE Timely Classic
“Free-Marketeers Should Welcome Regulation? It Just Ain’t So” by Peter Lewin