US Treasury Secretary, Timothy Geithner, outlined the Obama Administration’s plans for regulatory reform in testimony to the House Financial Services Committee. Will reform efforts go further, to address financial services industry conflicts of interest, governance problems and change the legal, tax and accounting standards that encourage short-term thinking, while allowing companies to offload long-term costs to society but privatize short-term gains?
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This post was written by franz who has written 25 posts on Network for Sustainable Financial Markets.
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