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Michael van der Galien

Do We Need Limits on Borrowing?

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Posted on January 23 2010 9:30 am
Michael van der Galien was born in the Dutch city of Leeuwarden in 1984. For as long as he can remember, he has been obsessed with the United States. When he was 17 years old, he started blogging - of course about America. His articles have been published at Big Hollywood, Pajamas Media, Hot Air (the GreenRoom) and Right Across The Atlantic. He's also an editor for the Dutch conservative blog, De Dagelijkse Standaard.
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by Nicole Gelinas

Congress has tasked the Financial Crisis Inquiry Commission, which held initial hearings last week, with making sure that the financial system doesn’t blow up again. The commission looks like a reprise of the 1933 hearings, led by former New York Assistant District Attorney Ferdinand Pecora, that led to Wall Street reforms.
But the Pecora hearings succeeded because they helped Washington understand that finance couldn’t regulate itself. We’re far from relearning that lesson.

Read the whole thing at the Washington Examiner.

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