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Wall Street's Coming Reforms

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Wall Street's Coming Reforms

The turmoil that rocked the global financial sector this week, bringing storied institutions to their knees and prompting harrowing declines for major stock indices, left more than a measure of uncertainty in its wake. Analysts generally declined to hazard near-term economic predictions, focusing instead on what might halt the contagion. Just when the government appeared to have said "enough," refusing to save the investment bank Lehman Brothers, the potential collapse of America's largest insurer, AIG, forced Washington back into the bailout pool (WSJ).


By CFR, USA.


Governance Policy Resource.