Forum (Forum & Focus)
Mar. 25, 2009
Insisting on Reform
As occurred in the wake of the Great Depression, strong words need to lead to significant reform of the financial system.
FORUM COLUMN
By Mark Labaton Nothing fosters respect for financial regulation more than a financial crisis - especially when that crisis is as serious as the current one. The Bank Panic of 1907 led to the creation of the Federal Reserve Bank and state anti-Bucket Shop laws, which restricted betting on securities; the Great Depression prompted Congress to enact the Securities Act of 1933 and the Securities and Exchange Act of 1934; and, tod...For only $95 a month (the price of 2 article purchases)
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