regulators behind closed doors
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regulators behind closed doorsregulators behind closed doorsRepublicans have repeatedly criticized the administration for #xadvancingTeaching apparatuslegislation that does not address the companies’ future. The Obama administration says drafting a new housing policy is on its agenda for next year.Other critics warn that the proposed legislation would insert the government deeply into the financial markets, creating new distortions and seeding future crises. They say the focus of financial reform. should instead be on increased transparency.Andrew Redleaf and Richard Vigilante, hedge fund managers who started warning investors in 2006 that a housing crisis was inevitable, proposed a minimalist version of reform. in their recent book “Panic.” They want to require all financial institutions, including investment banks and hedge funds like their own, to disclose, at least once a week, every position in tradable securities.“The Dodd bill is almost entirely irrelevant,” Mr. Vigilante said in a telephone interview. “All it does is strengthen what we’ve had for years,” a system that depends on judgments made byTeaching apparatusregulators behind closed doors.Proponents of the legislation say that it significantly expands transparency, for example by requiring many derivatives contracts to trade in public view. But they say that the government also needs to expand the scope of its oversight because the worst excesses that led to the crisis began and flourished at nonbank financial institutions that were not subject to federal regulation.The most basic critique comes from Professor Lo and others who say that Congress is moving too quickly. The origins of the crisis remain a subject of intense controversy. Investigations continue to unearth surprising information. The Financial Crisis Inquiry Commission,Needle Felt, a bipartisan panel created by Congress, is not scheduled to report until December. Why not wait, they ask, until the targets are clearer?Phil Angelides, the chairman of the inquiry commission and a Democrat, says that the problems raised by the crisis will not be solved in one stroke and #xthat he supports the Democratic push to begin theTeaching apparatusprocess soon.相关的主题文章：
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