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1. FINANCIAL REGULATION REFORM: MAINTAINING THE STATUS QUO.

Author

Fanto, James A.

Subjects
*CONGLOMERATE corporations, *DIVERSIFIED companies, *REFORMS
Abstract

The article outlines the story of the finance success over the last 30 years, which has been accepted by senior policy-makers and regulators, and the creation and dominance of the big financial conglomerates. It contrasts the story with an account of the harms caused by finance and the conglomerates. It explains why the U.S. President Barack Obama Administration's preference for incremental reform of the conglomerates will not succeed, because the firms will control and undermine the reforms.

Published
2010

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