More Vortex – And Maybe A Way Out
November 16th, 2009 admin
It’s crunch time. This week, the House of Representatives will decide on a bill that will give the new systemic risk regulator the power to override the SEC’s judgment in its oversight of the Financial Accounting Standards Boards. It would set up a “council” of interested parties to exercise its judgment over the SEC’s. According to Jessica Holzer of Dow Jones Newswires , the American Bankers Association, the Commercial Mortgage
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