Tham khảo tài liệu 'a failure of capitalism: the crisis of '08 and the descent into depression_13', tài chính - ngân hàng, ngân hàng - tín dụng phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | A Failure of Capitalism the profound and intractable issues involved in deciding whether to reregulate financial intermediation. A further point may be worth noting. The existing regulatory protections of investors and consumers including corporate-governance regulations designed to align execu fives incentives with overall economic welfare and the existing regulation of mortgages and other forms of credit should not be thought of as merely investor-protection or consumer-protection measures akin to laws against fraud. They are also macroeconomic tools like the Federal Reserve s power to raise interest rates a power that failed to prevent the crisis of 2008. But the point I particularly wish to emphasize is that the President and his advisers have their hands full dealing with the depression and with a series of urgent foreign and security policy issues. It is a temptation but would I think be a mistake for the new Administration to try to emulate Franklin Roosevelt s astonishing first hundred days. The United States fortunately is in less desperate straits today and American government and the American economy and specifically the American banking system are all immensely more complex than they were in 1933. It would take years for a new system 302 The Way Forward of financial regulation administered by a newly consolidated regulatory administration to shake down. The six or eight government responses to the depression that are or soon will be under way are enough for now. Let the comprehensive structural solution await calmer days. 303 II The Future of Conservatism The defeat of the Republican Party in the November 2008 election a defeat the magnitude of which probably owed a lot to the financial crisis and the inept response to it of the McCain campaign is widely thought to have marked the eclipse of conservatism in the United States. The Bush Administration s indecisive response to the gathering depression in its last few months in power invites comparison to .
