Jun 12
Now that US financial institutions have dodged a major bullet and most look likely to live to fight another day, the bullets are being removed from the regulatory firing squad one by one. When the financial system was on the brink of total meltdown, there was widespread agreement that only a thorough overhaul of the regulatory system could prevent a recurrence. But now that things have settled down a bit, it looks like changes will be marginal and will leave the alphabet soup of agencies largely
