Reregulation is Here

Posted by: Michael Mandel on September 18

and the thirty-year deregulation movement is now officially over. See my story here.


Also, see the reregulation page on Business Exchange,

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Reader Comments

LAO

September 19, 2008 04:24 AM

Good article. Of course you realize that you barely scratched the surface of abuse that the public has endured as a result of lax governance. I was impressed with the number of commenters who were hunting for a middle ground on reregulation, or pleading for it to be done thoughtfully, seemingly presuming that it is inevitable. Then there are the die-hards who apparently want to free the markets to do something even worse than this.

I have to say that I'm becoming downright amazed with BW's great coverage, as events are unfolding at such an incredible pace, and yet there is no shortage of insightful analysis, not to mention rolling out Business Exchange (fortuitous timing).

Rycoka

September 19, 2008 06:56 AM

My personal take on what is happening is that having fleeced most of the mug punters (small, medium and institutional investors), the obscenely wealthy are in the process of fleecing the mug taxpayers. Government officials that refuse to get involved when excessive profits are being made and then get involved in massive "bail-outs" when losses are being made are surely being fools with the publics money.

Joe Cushing

September 19, 2008 08:14 AM

The U.S. is already 8th in financial freedom. Where are going going to be in 20 years? Are we all going to have to move to Hong Kong or one of the many countries that has passed us up in this area?

Marios

September 21, 2008 07:00 AM

One of the most important spanish banks is under fire in its own market. A massive scandal that could sum up to €3Bn is going to damage the image around the globe of Santander Bank. Contrary of what appear in the international press "Spain's insurers, funds unaffected by Lehman -govt" the total amount of impact could be well above the €3Bn line

Millions of structured bonds were sold by the Santader Bank and its Private Bank branch "Banif" during last years under the name "Fondos 100% garantizados", translated: "100% guaranteed funds". There was not a single mention on the comercial panflets of "Lehman Brothers" nor anything else. Now suddlenly and with surprise the spanish icon, a potential €3Bn write-off could appear in its balance sheet.

http://afectadosporbanif.ning.com/group/pressrelations

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Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.

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