Stiglitz on "prospect of hallmark regulatory reform" and ending era of "mindless deregulation"

[ProSense]

Reach equals grasp on banking bill

By JOSEPH E. STIGLITZ

The future of improved financial regulations depends largely on how the differences between the House and Senate bills are resolved.

If the strongest provisions of each are preserved, there is the prospect of hallmark regulatory reform — marking the end of an era of mindless deregulation.

But if the final bill that emerges from conference reflects the lowest common denominator, then we can only pray to be spared another financial crisis in the near future. Our economy and our Treasury can ill afford another such episode.

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Given the pressure that Congress has been under from financial lobbyists, we should perhaps celebrate that the Senate and the House have each produced bills as good as these.

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[msongs]

1. the obama administration's guiding light is lowest common denominator is there is hope for change nt

[ProSense]

4. "If the strongest provisions...are preserved, there is the prospect of hallmark regulatory reform"

The bill thus far proves your statement inaccurate.

[flpoljunkie]

2. A must read for the Representatives, Senators who'll be appointed to the conference committee today!

[ProSense]

3. It's a must-read for everyone. n/t

[Name removed]

5. Deleted message

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