Recent Law

  • by dlhitzeman

    Finally, an idea for real reform has come out of Congress. Senators Maria Cantwell and John McCain introduced the Banking Integrity Act of 2009 that would reinstate provisions of the Glass-Steagall Act of 1933 that blocked banks from mixing consumer and investment banking.
    In 1999, Congress and President Clinton repealed the act in an effort to [...]

  • by dlhitzeman

    Worldview Item of the Day

    The US economy does not need any more regulation. We have plenty of laws, and at least some of those laws serve to protect us against people doing things wrong. That is, they protect us from people doing things wrong when they are applied.

    It turns out that regulators at the SEC systematically ignored the fraud being perpetrated by Bernard Madoff for at least a decade, thereby failing to perform their role of enforcing the laws the US already has to prevent the very kind of scheme he was operating. In doing so, they not only cost Madoff’s investors more than he had already cost them, but they compromised the integrity of the very agency tasked with regulating activity on US stock markets. [...]

Previously on Worldview


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