The Food and Drug Administration vets new drugs before they reach the market. But imagine if there were a Wall Street version of the F.D.A. — an agency that examined new financial instruments and ensured that they were safe and benefited society, not just bankers.
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The New York Times | By GRETCHEN MORGENSON Posted: 04/ 1/2012 11:55 am Updated: 04/ 1/2012 11:55 am