Reflecting upon the financial crisis, I am struck by how popular discourse moves between the extremes of laissez-faire and government action. The basic point is that markets need rules. A lack of effective regulation has spawned four facilitators to financial scandal: dissemination of inaccurate information, abuse of regulatory gaps, exploitation of credulous consumers and the ability to use corporate size to privatize profits and socialize costs. Blocking them will be the key to avoiding future disasters.
Font Size: 
FINANCIAL REGULATION
Markets need viable rules
The National Law Journal
February 16, 2009
This content is now available at LexisNexis®.
The ALM® and LexisNexis® Content Alliance
LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM’s legal news publications. LexisNexis® customers will be able to access and use ALM’s content by subscribing to the LexisNexis® services via lexis.com® and Nexis®. This includes content from The National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM’s other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.
ALM’s content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.
If you are not currently a LexisNexis subscriber, contact 1-800-227-4908 to find out more or click here to have a customer representative contact you directly.
