Wednesday, December 16, 2009

NYU Stern Real-time Recommendations for Financial Reform

Last year at this time we called together a group of NYU Stern faculty to discuss the financial crisis and developed 18 independent policy papers that proposed market-focused solutions to the problems within a common framework. Now, one year later, we have reached a new inflection point in this evolving story. The U.S. House of Representatives has just passed HR 4173, the Wall Street Reform and Consumer Protection Act of 2009. The U.S. Senate is about to begin marking up the Restoring American Financial Stability Act. These bills have the potential to change the future of financial regulation. Again, a group of NYU Stern faculty has assembled to assess the strengths and weaknesses of the proposed legislation. Our goal is to provide an unbiased external view of the debate as it evolves. The debate about these regulations will be dynamic and on-going. Our commentary will be as well.

The real-time document can be downloaded here: http://govtpolicyrecs.stern.nyu.edu

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