Word: regulatee
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South Dakota Governor William Janklow dismissed such criticism as political posturing. Said he: "No more water will be sold than what Missouri probably wastes each year through leaky pipes in Kansas City and St. Louis." But other Midwest Governors, especially those of the Great Lakes states, remain uneasy. They fear...
Congress created the Federal Reserve in 1913 after a rash of financial panics showed the need for a central body to regulate the money supply and lend funds to banks caught short of cash. With the Treasury Secretary as chairman, the board at first was almost an arm of the...
On the other hand, registration and control of the sprawling market, which in terms of trading activity is many times larger than the stock and bond markets combined, could become an administrative monster. Testifying before the Senate Banking Subcommittee, Anthony Solomon, president of the New York Federal Reserve Bank, conceded...
In a hasty effort to forestall federal policing of the market, the Association of Primary Dealers in U.S. Government Securities, whose 36 members include such blue-ribbon financial firms as Bankers Trust Co., Morgan Stanley & Co. Inc. and Goldman, Sachs & Co., last week started working on some overdue ways to...
They also fail to realize that investment in pollution control more than pays for itself in health cost savings. And the idea that local authorities could effectively regulate waste disposal is absurd, it seems none of those who militate for relaxed standards are aware that the wind blows and the...