Comments on: A New Hope http://organizationsandmarkets.com/2008/09/24/a-new-hope/ Economics of organizations, strategy, entrepreneurship, innovation, and more Sun, 12 Feb 2012 08:11:55 +0000 hourly 1 http://wordpress.com/ By: Peter Klein http://organizationsandmarkets.com/2008/09/24/a-new-hope/#comment-71560 Mon, 29 Sep 2008 17:29:08 +0000 http://organizationsandmarkets.wordpress.com/?p=2483#comment-71560 Gary, I don’t think anyone has been very specific about this. Exactly which regulators were supposedly asleep at which wheels? Sometimes people mention Gramm-Leach-Bliley or the Riegle-Neal Act, which loosened some restrictions on interstate branching and the combination of commercial and investment banking, but only in the context of a general denunciation of “deregulation” (which these weren’t). Executive compensation is of course denounced as well, but without (to my knowledge) the identification of any specific mechanism by which a lack of regulation on executive pay packages contributed to any specific problems. It’s all very vague and general, more dramatic and literary than analytical and scientific.

]]> By: Rafe Champion http://organizationsandmarkets.com/2008/09/24/a-new-hope/#comment-71535 Fri, 26 Sep 2008 12:22:55 +0000 http://organizationsandmarkets.wordpress.com/?p=2483#comment-71535 What about the regulation, directed at Fannie and Freddie, sponsored by McCain and others in 2005 that we are told was blocked by Democrat senators in committee?

BTW I am pitching for markets vs reflexive regulation on a centre left blog in Australia.
http://clubtroppo.com.au/2008/09/22/the-death-of-the-free-market/
http://clubtroppo.com.au/2008/09/26/wither-neoliberalism/
http://clubtroppo.com.au/2008/09/25/ludwig-von-mises/

]]> By: gpeters http://organizationsandmarkets.com/2008/09/24/a-new-hope/#comment-71530 Thu, 25 Sep 2008 15:02:58 +0000 http://organizationsandmarkets.wordpress.com/?p=2483#comment-71530 I have my own thoughts on this (which essentually mirror those posted in the related links). However, I am trying to get my head around the alternative arguments (scapegoats) that are being presented for the causes and solutions to the current woes by those in the pollitical debate. It would appear that the common theme expressed, by those who see the finanical institutions as exclusively culpable, is that the current problems are caused by “lack of regulation.” Does anyone have a succinct explanation for what “regulation” is argued to be lacking? (Regulation against compensation, regulation against risky loans, regulation against weak balance sheets, regulation against losses…..?)

]]>