Thursday, October 9, 2008

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..."

To read my Minyanville articles including this week's posting, click here