Why Britain has to curb finance
posted by pchowla | Fri, 22/05/2009 - 11:06The UK has a strategic nightmare: it has a strong comparative advantage in the world’s most irresponsible industry. So now, in the wake of the biggest financial crisis since the 1930s, the UK must ask itself a painful question: how should the country manage the cuckoo sitting in its nest?
Obama Proposes a First Overhaul of Finance Rules
posted by pchowla | Mon, 18/05/2009 - 13:38In its first detailed effort to overhaul financial regulations, the Obama administration on Wednesday sought new authority over the complex financial instruments, known as derivatives, that were a major cause of the financial crisis and have gone largely unregulated for decades.