Autoregulation

Sul Wall Street Journal, un’analisi di come il mercato finanziario americano si stia già autoregolando su nuovi standard dopo la crisi degli ultimi mesi, e un riassunto delle critiche alla Fed, in qualità di principale colpevole:

First, it [the Fed, ndr] drove a reckless monetary policy that created the subsidy for debt that fueled the housing and credit bubbles. Then it failed to call the banks under its supervision on the major risks they were taking. The Fed had every authority and tool it needed to scour Citigroup’s balance sheet and question its lending practices, yet it failed to do so. And now, without a hint of irony, the Treasury and financial press declare that the solution is for the Fed to become a “Supercop.”

[WSJ]