Thursday, October 9, 2008

Investigations: Financial Rules Re-Written on the Fly Behind Closed Doors

As markets flirt with Armageddon, historic changes in U.S. government financial regulations are taking place on a near-daily basis behind closed doors, with virtually no outside scrutiny, time for reflection or consideration of consequences and alternative measures, says this ProPublica item, drawing on a Wall Street Journal piece. The story by ProPublica, the nonprofit investigative journalism outfit, is part of an interesting series it has devoted to probing the reasons for the financial crack-up - and some of the flawed solutions. See more here.

TAGS: markets, investigations

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