Byline: Shanker Singham, SPECIAL TO THE WASHINGTON TIMES
As the financial crisis unfolds around the world, triggered by the subprime mortgage mess in the United States, those in favor of regulation headed by Chairman Barney Frank of the House Financial Services Committee claim to have won a victory over the deregulators they claim are avatars of a now defunct ideology - free and unfettered markets. Now that Congress has passed the financial bailout package, enquiring minds can try to figure out what climate will exist for financial services businesses in the new post-bailout operating environment.
Has deregulation caused the mess we are in, and will greater regulation ensure that we won't be here …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Regulatory Rush. Contributors: Not available. Newspaper title: The Washington Times (Washington, DC). Publication date: October 29, 2008. Page number: A19. © 2009 The Washington Times LLC. COPYRIGHT 2008 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.