We Need a Watchdog for all the New Watchdogs
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June 11 (Bloomberg) -- Two years after passage of the Dodd-Frank financial reform law, how are we doing putting in placecrucial provisions, including a way to control systemic risk?
Not well, according to Sheila Bair, chairman of the FederalDeposit Insurance Corp. during the 2008-2009 economic disasterand author of some of the reforms in the act.