New York Times (May 22)
“Weak regulation is a recipe for disaster,” so the New York Times applauds the senate for finally passing a financial regulations bill. The work of Congress is not yet done. The House and the Senate must now work out the differences between their bills. Then, the joint version will require passage by both bodies. During the reconciliation process, revisions should be made to better protect investors, restore confidence in financial markets and avoid another meltdown.
“Weak regulation is a recipe for disaster,” so the New York Times applauds the senate for finally passing a financial regulations bill. The work of Congress is not yet done. The House and the Senate must now work out the differences between their bills. Then, the joint version will require passage by both bodies. During the reconciliation process, revisions should be made to better protect investors, restore confidence in financial markets and avoid another meltdown.
Tags: Congress, Financial markets, Investor protection, Regulation
