The Congressional Oversight Panel (COP) – “COP released its special report on regulatory reform today. The report discusses how regulation would have averted the crisis that we are in today, and how the implementation of smart regulation will help the United States can prevent another financial crisis and determine our economic success in the years to come. The report examines how deregulation of financial markets over the last twenty-five years have returned the boom-and-bust cycles that had plagued the United States economy until reforms of the Great Depression ushered in a half-century of financial stability. The report specifically points to three areas of regulation that could have prevented the current economic crisis, specifically basic consumer protection rules, supervision of credit rating agencies, and regulation of companies that are too big to fail.”
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Daily Archives: January 29, 2009
CBO: Addressing the Ongoing Crisis in the Housing and Financial Markets
Addressing the Ongoing Crisis in the Housing and Financial Markets, January 28, 2009, Testimony before the Committee on the Budget, United States Senate. “…the ongoing crisis in the U.S. financial system has significantly depressed economic activity during the past year and a half, and it poses a serious threat to the nations ability to quickly… Continue Reading
New GAO Reports: Border Initiative Fence Construction Costs, Traumatic Injury Insurance Program, USPS
Secure Border Initiative Fence Construction Costs, GAO-09-244R, January 29, 2009 Brain Injury: Better DOD and VA Oversight Can Help Ensure More Accurate, Consistent, and Timely Decisions for the Traumatic Injury Insurance Program, GAO-09-108, January 29, 2009 U.S. Postal Service: Deteriorating Postal Finances Require Aggressive Actions to Reduce Costs, GAO-09-332T, January 28, 2009 Continue Reading
