Academic

PROFESSOR BAINBRIDGE: How Wall Street ?reforms? broke the capital markets. ?During the first half ?

By Glenn Reynolds

PROFESSOR BAINBRIDGE: How Wall Street “reforms” broke the capital markets. “During the first half of the last decade, evidence accumulated that the U.S. capital markets were becoming less competitive relative to their major competitors. The evidence reviewed herein confirms that it was not corporate governance as such that was the problem, but rather corporate governance regulation. In particular, attention focused on such issues as the massive growth in corporate and securities litigation risk and the increasing complexity and cost of the U.S. regulatory scheme.”

Full post as published by Instapundit.com on March 01, 2011 (boomark / email).