Commentary: Next economic crisis would be Washington's fault

04/23/2010 | InvestmentNews (free registration)

Legislation to overhaul financial regulation being considered by the Senate could very well cause -- not prevent -- the next financial crisis, writes Peter Schiff, president of Euro Pacific Capital. Schiff's InvestmentNews commentary is a response to President Barack Obama's speech to Wall Street, during which Obama said a "failure of responsibility" has permeated Washington and New York. "Obama claims he wants 'common sense rules' to be put in place," Schiff writes. "Yet, his reform proposal defies common sense."

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