Senator Dodd and the Myth of Moral Hazard
Commentary By Capitalism Betrayed’s Redleaf and Vigilante in MarketWatch today:
Forget regulation, just make the banks open their books.
By Andrew Redleaf and Richard Vigilante
MINNEAPOLIS, (MarketWatch) — Sen. Dodd’s new and not-very-improved financial reform bill, like the House bill passed last December, is driven by two of the most cherished popular myths of the financial crisis. Unfortunately none of the myths bears much relation to the actual causes of the crisis, making the proposed reforms irrelevant at best.
Tags: Andrew Redleaf, bankers, banking crisis, banking deregulation, capitalism, marketwatch, Mortgage Crisis, Richard Vigilante, Whitebox, WSJ
