Summary
WASHINGTON (Reuters) - The U.S. House of Representatives' financial regulation bill does little to forestall another economic crisis, former Securities and Exchange Commission Chairman Harvey Pitt said on Tuesday [Dec. 15].
"Much of what we're seeing is really retrospective in nature," he said at a round-table discussion. "It's trying to solve last year's crisis and the real issue is what we're doing about next year's crisis."See the full content of this document
Extract
U.S. Financial Bill Will Not Avert Crises: Pitt
Mr. Pitt, who headed the SEC from 2001 to 2003, said regulators need "a continuous s...
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