Joseph Stiglitz, a Columbia University professor and the 2001 recipient of the Nobel Prize in Economics, warned the House Financial Service Committee Tuesday, Oct. 21, 2008, that waiting on reform would delay efforts to restore confidence in the U.S. financial system. The committee heard testimony from academic and industry experts who agreed on the need for new regulation, the merging of some regulatory agencies and writing rules to govern complex financial instruments.
Joseph Stiglitz, a Columbia University professor and the 2001 recipient of the Nobel Prize in Economics, warned the House Financial Service Committee Tuesday, Oct. 21, 2008, that waiting on reform would delay efforts to restore confidence in the U.S. financial system. The committee heard testimony from academic and industry experts who agreed on the need for new regulation, the merging of some regulatory agencies and writing rules to govern complex financial instruments. MCT
Joseph Stiglitz, a Columbia University professor and the 2001 recipient of the Nobel Prize in Economics, warned the House Financial Service Committee Tuesday, Oct. 21, 2008, that waiting on reform would delay efforts to restore confidence in the U.S. financial system. The committee heard testimony from academic and industry experts who agreed on the need for new regulation, the merging of some regulatory agencies and writing rules to govern complex financial instruments. MCT

Congress weighs next steps for financial regulation

October 21, 2008 6:23 PM