Former NY Gov Spitzer Says Regulators, Not Regulatory Laws, Failed to Stop Financial Crisis

Zoe Tillman, Legal Times Congress’ effort to reform the financial regulatory system after the economy collapsed in 2008 was based on a false premise – that regulatory laws weren’t strong enough already, former New York Governor Eliot Spitzer said in a speech yesterday. Regulators had power, he said, but “they just failed.” Regulators learned a […]