Minyanville posting: A New Regulatory America

This week's Minyanville posting focuses on regulation and oversight, two certain outcomes as a result of the credit crisis.

“There is nothing involved in federal regulation per se which makes it superior to market regulation.”
Alan Greenspan

Nothing captures the blind allegiance to laissez-faire economics and the dubious claims that the markets are always efficient than the above quote from the former Fed chairman. As a result, the credit crisis combined with the near certain increase in Democratic power after next month’s election will produce an increase in regulation and oversight..."

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