Adhering to a year-end tradition, once again I offer a wish list of governance enhancements I’d like to see in the coming year. So, with fireplace aglow and coffee-mug close by, here’s what we can hope for in 2010.
Fixing the Regulatory System
The power players inside the Beltway have been working on a new regulatory structure designed to avoid the debacle the financial system endured in 2008 and 2009. One proposal is to form a council of regulators led by the Treasury Department or an independent chair; the Federal Reserve would wield power over major financial institutions of all types, ...