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Richard Field

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  • Clearing Up Miller-Moore [View article]
    The financial markets would be significantly better off if the focus of these amendments was on insuring decent regulatory oversight to prevent the mess rather than on strategies for cleaning up the mess.

    Lloyd Blankfein recommended that the best way to do systemic or any other type of risk management is by looking at every position every day. That way, problems can be detected and addressed before the institutional failure stage is reached.

    Why isn't Congress passing an amendment to mandate the creation of the database which would allow the regulators to do this?
    Nov 24 06:02 PM | 1 Like Like |Link to Comment
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