Triumph of the Regulators: Difference between revisions
Jump to navigation
Jump to search
Yaron Koren (talk | contribs) (Created page with '{{Item |author=The Wall Street Journal editorial board |source=The Wall Street Journal |date=June 28, 2010 |url=http://online.wsj.com/article/SB1000142405274870361510457532899300...') |
Yaron Koren (talk | contribs) No edit summary |
||
Line 6: | Line 6: | ||
|quote="The Treasury, which bailed out institutions willy-nilly without consistent rules, will now lead the Financial Stability Oversight Council that will have the arbitrary power to define which financial companies pose a "systemic risk" and which can be shut down without recourse to bankruptcy. Willy-nilly will now be the law. And the SEC, which created the credit-ratings oligopoly and missed Bernie Madoff, will get new powers to decide how easy it should be for union pension funds to get their candidates on corporate proxy ballots." | |quote="The Treasury, which bailed out institutions willy-nilly without consistent rules, will now lead the Financial Stability Oversight Council that will have the arbitrary power to define which financial companies pose a "systemic risk" and which can be shut down without recourse to bankruptcy. Willy-nilly will now be the law. And the SEC, which created the credit-ratings oligopoly and missed Bernie Madoff, will get new powers to decide how easy it should be for union pension funds to get their candidates on corporate proxy ballots." | ||
}} | }} | ||
{{Opinion|Restoring American Financial Stability Act | {{Opinion|Restoring American Financial Stability Act|Act should be passed|against}} |
Latest revision as of 21:19, June 29, 2010
This is an opinion item.
Author(s) | The Wall Street Journal editorial board |
---|---|
Source | The Wall Street Journal |
Date | June 28, 2010 |
URL | http://online.wsj.com/article/SB10001424052748703615104575328993006115992.html |
Quote |
Add or change this opinion item's references
This item argues against the position Act should be passed on the topic Restoring American Financial Stability Act.