Comments on: How Deregulation Eviscerated the Banking Sector Safety Net and Spawned the U.S. Financial Crisis

By: scott s

scott s — Wed, 11 Nov 2009 04:05:05 +0000

Thanks for the great article and subsequent comments. Very very informative.

What did I do before the internet? Newspapers? The library? I can’t even remember :-)

By: How Beatniks, Pyromaniacs and Gangsters Caused the Global Financial Crisis

How Beatniks, Pyromaniacs and Gangsters Caused the Global Financial Crisis — Wed, 18 Mar 2009 18:55:53 +0000

[...] Money Morning: How Deregulation Eviscerated the Banking Sector Safety Net and Spawned the U.S. Financial Crisis [...]

By: Money Morning Affiliates » Blog Archive

Money Morning Affiliates » Blog Archive — Fri, 27 Feb 2009 15:01:54 +0000

[...] the world, to the brink of depression is important. But even more important is the realization that the regulations that could have prevented this have been systematically dismantled, such that none of the regulatory bodies charged with safeguarding the public, the capital markets [...]

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Plan to Repair U.S. Banking System Unveiled by Former Hedge Fund Manager — Wed, 25 Feb 2009 13:03:09 +0000

By: How Wall Street's Compensation-Defined Culture Fueled its Demise

How Wall Street's Compensation-Defined Culture Fueled its Demise — Mon, 09 Feb 2009 20:34:25 +0000

[...] Money Morning Deregulation Series: How Deregulation Eviscerated the Banking Sector Safety Net and Spawned the U.S. Financial Crisis. [...]

By: Jutia Group - Market Jitters & Political Critters

Jutia Group - Market Jitters & Political Critters — Tue, 20 Jan 2009 15:34:14 +0000

[...] that perverse management incentives in the financial sector, unsound new financial tools and sloppy regulation also played important [...]

By: As New U.S. President Barack Obama Takes Office, He Faces Some of the Toughest Financial Challenges in U.S. History

Tue, 20 Jan 2009 09:30:38 +0000

[...] that perverse management incentives in the financial sector, unsound new financial tools and sloppy regulation also played important [...]

By: An Open Letter to President-Elect Barack Obama: How a Regulatory Makeover Can Fix the Financial Crisis

Mon, 19 Jan 2009 15:37:34 +0000

[...] Money Morning Deregulation Series (Part I of III): How Deregulation Eviscerated the Banking Sector Safety Net and Spawned the U.S. Financial Crisis. [...]

By: Jutia Group - Market Jitters & Political Critters

Jutia Group - Market Jitters & Political Critters — Mon, 19 Jan 2009 15:36:30 +0000

[...] As Shah Gilani reported on the disastrous consequences of banking deregulation in Money Morning last Tuesday, Congress passed the Gramm-Leach-Bliley bill in 1999, "at once doing away with Glass-Steagall and the 1956 BHC Act, and crowning Citigroup as the new &lsqu…‘" [...]

By: john d.smith

john d.smith — Sun, 18 Jan 2009 17:06:12 +0000

The business of regulation, what and how, needs specifying. Regulation can, and has, been horribly counterproductive because it focused on interest rates, business expansion, employment goals, etc. Lowering interest rates while bubbles formed, overly stimulating the economy while credit levels were excessive, etc. was damaging, not corrective.

George Cooper, in his book “The Origin of Financial Crises” made a very strong case for the Fed and Central Banks to use credit levels as the controlling variable, not price levels.