Jackson50 on 15 June 2009
"The two men wrote that the plan would point to the need for deeper cash reserves at major financial institutions."
This type of regulation was practiced before the bubble. Unfortunately, the SEC changed this and allowed certain financial institutions to increase their debt-to-asset ratio to as high as 50-to-1. Most who have read my posts regarding the crisis are aware that I assign much blame to the SEC for that asinine decision. Anyway, I will wait for the official unveiling before I assess the proposals.
