The SEC Punts (Again) on Financial Stability Reform — The Harvard Law School Forum on Corporate Governance

And on it goes!!!!!!!    Small business of-interest, need-to-know and news-to-watch.  Should we blame a lobbyist for an interest group or blame allowing too much leeway to lobbying groups to control based on power but not neccessarily the best interests of the public?

Excerpt:  In an all-too-familiar pattern, the SEC has backed down in the face of industry pressure and dropped a key proposal to prevent a repetition of the 2008 financial crisis. Despite valiant efforts by Chair Mary Shapiro, a divided Commission has rejected further steps toward reform of money market funds, a $3 trillion dollar financial intermediary that was at ground zero of the financial crisis and that now presents a continuing threat to financial system stability.

A powerful industry group, mutual funds and some of their clients, have persuaded three SEC Commissioners to ignore the near implosion of the money market fund sector in 2008. Here are their names, for now is an accountability moment: Luis A. Aguilar, Daniel M. Gallagher, and Troy A. Parades.

Read full article via The SEC Punts (Again) on Financial Stability Reform — The Harvard Law School Forum on Corporate Governance and Financial Regulation.

Advertisements

3 Comments

Filed under Leadership, Operations & Innovation, Small Business

3 responses to “The SEC Punts (Again) on Financial Stability Reform — The Harvard Law School Forum on Corporate Governance

  1. Ai1976

    I found this post earlier today while in the office Very useful Sent the link to myself and will most likely bookmark bjconquest.com when I make it home

  2. Pingback: » The SEC Punts (Again) on Financial Stability Reform — The Harvard …

  3. Sofia1972

    Great stuff from youR bjconquest.com , man. Ive read your stuff before and youre just too awesome. I love what youve got here, love what youre saying and the way you say it. You make it entertaining and you still manage to keep it smart. I cant wait to read more from you. This is really a great phorum.