From the Washington Post: "The U.S. financial regulatory system is seriously outdated and needs urgent reform to avoid a further worsening of the economic crisis, concludes a report released yesterday by the Government Accountability Office."
An update to the "high-risk" series from the Government Accountability Office (GAO) was released yesterday. The GAO also produced testimony on the financial regulatory system recently: "Financial Regulation: A Framework for Crafting and Assessing Proposals to Modernize the Outdated U.S. Financial Regulatory System."
Source: Vogel, S. (23 January 2009). "Report Faults Financial Oversight." Washington Post. A13.
No comments:
Post a Comment