Bankruptcy of Leman Brothers Causewell

The act requires that regulators create 200 forty three new rules, conduct 67 studies to see if the rules are necessary and issue 22 periodic reports. It addresses everything from gender balance on regulatory agencies to carbon trading to conflict diamonds from the congo. And it spends nearly 80 pages setting out in minute detail how a systematically or systemically important financial institution could be wound up with less disruption than the bankruptcy of leman brothers caused. How this quite extraordinary procedure is an improvement on a regular bankruptcy is beyond me. As i have suggested, it was the most reg ted institutions in the financial system that were, in fact, the most disaster prone,. big banks on both sides of the atlantic, not