The federal government's response to the financial crisis provided necessary first aid, but regulating systemically risky financial companies and consumer credit products is critical to long-term recovery, according to an ABA panel on the government's bailout work so far. Panelists at the event, part of the ABA's midyear meeting in Boston, worried that stringent government regulation of companies taking bailout money may scare away healthy companies and create a two-tiered system of financial companies.
Coming Regulation: Critical to Recovery, or Likely to Delay a Return to Health?
The National Law Journal
February 18, 2009