Rep. Paul Kanjorski's measure empowering a council of regulators to dismantle systemic-risk...

|By:, SA News Editor

Rep. Paul Kanjorski's measure empowering a council of regulators to dismantle systemic-risk firms makes it out of committee. "Financial firms that want to play in a casino need to have their own resources to cover their bets and not assume that tax dollars are available in reserve if their bets fail," he says.