November 7, 2008
The Intelligent Investing Panel at Forbes.com has published a
no-holds barred, blunt commentary on the dire state of Wall Street's
regulation, and the need to take prompt action to turn the economy around.
It's this self-regulatory regime that panelist Bill Singer would
change in his hypothetical first 100 days as president. Singer, a
securities attorney and shareholder in the securities practice group at
Stark & Stark, was concise. "I would hope, for starters, that we
see a call to abolish the Financial Industry Regulatory Authority and that
we bury, once and for all, the failed concept of self-regulation."
Intelligent Investing All-Stars
The Forbes.com Investor Team plays president. Self-Regulation on Wall Street
would be the first thing to go in an Investor Team Administration.
With John Osbon, Bill Singer and Bill Stone.