It has been interesting and hopeful in the last few months to see the beginning of a backlash against unhelpful (stupid) regulation in the financial industry. The political stirrings seemed to start in the Republican Primaries. I was surprised to see reference to the issue in the State of the Union.
Now, even the NYT is on the bandwagon. HERE is an important article yesterday on Collateralized Loan Obligations, how the market is burdened by regulation and the resulting impact on economic recovery.
Posted by Scott Sinclair
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