In short, the time for common-sense regulation of this vast industry has arrived.
Editor's note · Context
Kanjorski asserts the need for immediate regulation of the derivatives industry.
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And colleagues, I rise today to honor our friend and one of the outstanding Members of this House, Jack Murtha, who represented Pennsylvania's 12th district, and to remember his devotion to his work in this Congress, his strength of…
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.
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.
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.





