Sunday, February 15, 2009
Ignorant David Ignatius:Key claim: Passage of the Sarbanes-Oxley Act,- but not undoing the Gramm-Leach-Bliley Act (that repealed Glass-Stegall)
- and not undoing the Commodity Futures Modernization Act of 2000 (which exempted much of today's toxic paper from regulation)
- and not gettting the business-friendly SEC to reverse it's decade-long lax oversight while was headed by buffoons like Harvey Pitt, William H. Donaldson (who allowed greater leverage), and Chris Cox
means that regulation doesn't work, and there's no reason to think it could or even try.
posted by Quiddity at 2/15/2009 03:11:00 AM
2 comments
sorry off topic. have your archives always been inoperative?
The ARCHIVES link at the bottom - which I've now removed - worked under the earliest instances of Blogger. Now a separate page is no longer supported (as far as I can tell) and the replacement is a pull-down at the top of the webpage. Thanks for the reminder.
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