In the end, the call for a systemic-risk regulator is yet another futile expression of faith in the power of government to out-think the markets. It is just another foolish bet.
The "Too Big To Fail" legislation currently being debated by a House committee has been widely criticized as toothless. But one provision gives the fe...
If the White House and congressional leaders get their way, the vaunted new oversight council charged with overseeing systemic risk in the financial m...
Members of Congress and the general public may not be told of "potential emerging threats to the stability of the financial system," thanks to a Thurs...
Rather than work together to improve the system, regulatory reform could become a classic political turf war. The problem is that once someone has the ball, he's reluctant to give it up.
There has been talk about appointing a new "Systemic Risk Regulator." This "Super Czar" would oversee all of the financial services industry. We had a "Super Czar" last year. His name was Henry Paulson.