As President Obama kick-starts regulatory efforts, Richmond Fed President Jeffrey Lacker worries...

|By:, SA News Editor

As President Obama kick-starts regulatory efforts, Richmond Fed President Jeffrey Lacker worries about government overstepping and questions whether to take the level of support for financial sector as a given. "We would be better off placing greater reliance on market-based incentives for prudent risk management." Without corrective action, "the next economic expansion will likely see more excessive risk-taking and end with more firms in financial distress."