Commentary: Congress is going about regulatory reform backward

05/17/2010 | Wall Street Journal, The

Harvey Pitt, CEO of Kalorama Partners and former chairman of the Securities and Exchange Commission, argues that far-reaching changes to the financial-regulatory system are needed but that lawmakers have focused their effort on areas that don't warrant adjustments. Pitt offers suggestions on changing such proposals. For example, the "too big to fail" provision should be eliminated, he writes.

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