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Archive for October 12th, 2008
Regulators cannot avert next crisis
As usual after a financial crisis, we hear demands for new controls and regulations to stop it from happening again. But since every crisis has led to thousands of new pages of regulation, why is it that regulation doesn’t stop crises from happening again?
Gov’t mulls plan to take ownership stakes in banks
WASHINGTON (AP) – Treasury Secretary Henry Paulson told international leaders on Sunday that isolationism and protectionism could worsen the spreading financial crisis. With a new trading week dawning, U.S. lawmakers urged quick action by the Bush administration on measures to make direct purchases of bank stock to help unlock lending.
© 2008 SmallGovTimes.com. 
