Reforms pending in Congress would not touch the abuses of hedge funds and private equity.
Nomi Prins
Nomi Prins is a journalist and a senior fellow at Demos. Her books include It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street and Other People's Money.
Posted inFeatures
Risk Is Best Managed From the Bottom Up
We need regulations to address risk in every layer of the system, from the loan or bond, to the bank, to the very structure of the global financial industry.
Posted inColumns
Paulson’s Deregulation Mission
Last May, when Henry Paulson was nominated by President Bush to be treasury secretary, the Goldman Sachs chairman declared, “We must take steps to maintain our competitive edge in the world.” Five months later, Paulson warmly embraced a private-sector Committee on Capital Markets Regulation, ostensibly to preserve America’s role as the world’s largest international capital […]