Jun
18A Vision of Financial Regulatory Reform

Yesterday, the U.S. Treasury Department released its vision for financial regulatory reform. The full report, which calls for numerous reforms, including the creation of a Financial Services Oversight Council and heightened supervision of large, interconnected financial firms is available here.

Also, a number of organizations, including the Center for Economic and Policy Research, Economic Policy Institute, OMB Watch and others, are following the government's actions on the bailout and have created a new website, called Bailout Watch. This site links to federal reports, recent newspaper articles and a calendar of upcoming bailout events, such as hearings and meetings.