Four Key Elements of Successful Financial Regulatory Reform
University of San Francisco - School of Law
February 5, 2010
Hastings Business Law Journal, Vol. 6, p. 377, 2010
Univ. of San Francisco Law Research Paper No. 2010-25
The most recent crisis on Wall Street presents our nation with an extraordinary opportunity to begin a conversation about the economic and social policies that have led to the financial meltdown we have witnessed over the past few months. In keeping with the themes of the Hastings Business Law Journal’s Symposium, “Beyond the Bailout: Risk, Responsibility, and the Road Ahead,” this Article does not chronicle the crisis, but rather focuses on the lessons it might hold in getting “beyond the bailout.” To mitigate, or perhaps even avoid, future disasters I argue that policymakers should focus on remedying four pernicious facilitators to scandal: dissemination of untruthful or misleading financial information, abuse of regulatory gaps, exploitation of credulous consumers, and the ability to use corporate size to privatize profits and socialize costs.
Number of Pages in PDF File: 20Accepted Paper Series
Date posted: February 5, 2010 ; Last revised: December 6, 2010
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo3 in 0.372 seconds