We need to address this problem as part of our efforts to reform the financial system to ensure financial products are adequately examined and restore investor confidence.
Editor's note · Context
Kanjorski emphasizes the need for financial system reforms to restore investor confidence.
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If Congress missteps, we run the risk of driving this market overseas and limiting the ability of companies to manage risks associated with their business practices.
Clearly, Congress must prevent future activities from endangering our financial system, similar to what we witnessed with AIG, Bear Stearns, and Lehman Brothers last year.
I have never seen anything in the world more devious or backdoor to come in to Federal regulation than doing it this way, and with the least amount of real direct effect.
We have to get back to 'good regulation.' Maybe we even have to go a little beyond that and say, we need to get back to good values.





