“Less than a month after becoming the head of the Securities and Exchange Commission, Mary L. Schapiro is moving swiftly to reverse major decisions by her predecessor and to strengthen an enforcement program that missed several major frauds that cost investors billions of dollars.” (New York Times, Monday)
As though “regulation” were an incantation that can protect the innocent without doing harm
FEE Timely Classic
“The Poverty of Regulation” by Michael J. Catanzaro
Monday, February 23, 2009
New SEC Boss Moves to Reform Agency
