Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, March 18, 2008

Is it Time to Reform the System?

The SEC has been on the sidelines after its Friday announcement that it was keeping a close watch on Bear Stearn's financial condition, as the Fed stepped in to engineer a bailout and attempt to restore confidence in the markets.  This makes sense as only the Fed has the money to supply in a liquidity crisis.  But with the finger-pointing over who should have done what sooner may well come calls for a unified system of financial-services regulation.  WSJ, Crisis Highlights SEC's Limits.

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