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The three steps to financial reform

By Implode-Explode Heavy Industries

" The Obama administration is expected on Wednesday to propose a reorganisation of the way we regulate financial markets. I am not an advocate of too much regulation. Having gone too far in deregulating ? which contributed to the current crisis ? we must resist the temptation to go too far in the opposite direction. While markets are imperfect, regulators are even more so. Not only are they human, they are also bureaucratic and subject to political influences, therefore regulations should be kept to a minimum."

Full post as published by Mortgage Lender Implode-o-Meter on June 17, 2009 (boomark / email).