Foundation for Economic Education » Banks Organized to Prevent New Regulation

Banks Organized to Prevent New Regulation

Posted By Sheldon Richman

“As the financial crisis entered one of its darkest phases in October, a handful of the nation’s largest banks began holding daily telephone sessions. Murmurs were already emanating from Washington about the need for a wide-ranging regulatory overhaul, and Wall Street executives girded for a fight.” (New York Times ^[1], Monday)

Bailout good; regulation bad.

FEE Timely Classic
“Banking Without Regulation” ^[2] by Lawrence H. White

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/banks-organized-prevent-regulation/

URLs in this post:

[1] New York Times: http://www.nytimes.com/2009/06/01/business/01lobby.html?hp

[2] “Banking Without Regulation”: http://www.thefreemanonline.org/columns/banking-without-regulation/

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