Industry-attack on the market study
D’leadership in the securities and futures industry have mounted an intensive lobbying campaign to amend the findings of a draft report by an independent agency Congress, that questions, some fundamental aspects of the nation financial system.D’leadership in the securities and futures industry have mounted an intensive lobbying campaign to amend the findings of a draft report by an independent agency Congress, that questions, some fundamental aspects of the nation financial system.
The report of the Office of Technology Assessment, attacks on some sacred cows in the two sectors, including the system specialist at the New York Stock Exchange, the Open-outcry system in the futures markets, opportunities ‘technological exchanges and the need for the combination of the two federal regulators for the industry of the Securities and Exchange Commission and the Commodity Futures Trading Commission.
”The fur is really flying in a present,”a person has worked on the report, said this week. The report, this person said,”attacking everything that is in possession rather in the business world.”
For example, in the report of one of the fundamental questions of industry justifications for its existence: that markets are the best way to provide that the capital creates prosperity.
”The majority of capital is not generated, even if indirectly, by securities markets,”the draft report, it is”and there is little empirical evidence of close liaison among market participants and the behaviour and performance of the economy Ensemble.
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