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UnReconstructed
09-17-2008, 03:48 PM
CFR: Wall Street's Coming Reforms (http://www.cfr.org/publication/17257/wall_streets_coming_reforms.html?breadcrumb=%2F)


The turmoil that rocked the global financial sector this week, bringing storied institutions to their knees and prompting harrowing declines for major stock indices, left more than a measure of uncertainty in its wake. Analysts generally declined to hazard near-term economic predictions, focusing instead on what might halt the contagion. Just when the government appeared to have said "enough," refusing to save the investment bank Lehman Brothers, the potential collapse of America's largest insurer, AIG, forced Washington back into the bailout pool . One of the few consistent refrains was that reform of the financial system—on a much larger scale than many had previously considered—now seems increasingly likely. Yet with a new U.S. president and Congress set to assume power, analysts say 2009 could bring dramatic regulatory changes for U.S. banks, potentially spelling major changes for the future structure of the global financial network.


Also a link to this article was/is on the front page:

First Men, Then New Rules Can Rescue Wall Street (http://www.bloomberg.com/apps/news?pid=20601039&sid=aVYZYAiyc0Gw&refer=home)