Learning the Wrong Lessons From Multiple Financial Crises

http://rss.nytimes.com/c/34625/f/640316/s/415aba73/sc/36/l/0L0Snytimes0N0C20A140C120C120Cbusiness0Ceconomy0Clearning0Ethe0Ewrong0Elessons0Efrom0Emultiple0Efinancial0Ecrises0Bhtml0Dpartner0Frss0Gemc0Frss/story01.htm

With the Fed ready to step in at every tipping point, the need to rethink regulation was overlooked, Floyd Norris writes.

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