Regulation not the answer
Even Alan Greenspan has said it.
In congressional testimony, the conservative, capitalism-loving former chairman of the Federal Reserve confessed he had trusted too much to market mechanisms and too little to regulation in that job, and that this is among the reasons for the current financial crisis.
Are you a newspaper subscriber but you don't have a Digital Access account yet? Activate your account.
You will need your subscription account number and phone number. Not sure if you have an account? Call (701) 225-8111 and we can help you.