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A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Sep 25th, 2008 at 11:43:27 AM EST
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Blueprint for a Modernized Financial Regulatory Structure

March 2008

May 2008. US are witnessing implementation of these "objectives." Pending further Congressional approvals:

V Intermediate-term recommendations (89)

This chapter describes recommendations focused on eliminating some of the duplication in the US regulatory system, but more importantly on modernizing the regulatory structure applicable to certain sectors in the financial services industry (i.e. banking, insurance, futures, and securities) with the current framework. These recommendations serve as a useful transition to the optimal regulatory structure. However, each intermediate-term recommendation stands on its own merits, as well as on its merits as a transitional element.

VI The Optimal regulatory structure (137)
VII Conclusion

::

peenackers always broadcast. And their propaganda organs always fill the void with bullshit.

All the short-term recommendations are now law.

Mr Dodd and colleagues will institute intermediate recommendations. While voters argue whether Treasury can make a profit for them.

Diversity is the key to economic and political evolution.

by Cat on Thu Sep 25th, 2008 at 12:38:23 PM EST
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