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SEC net capital rules

A 2004 change deserves attention as a possible contributing factor to the meltdown, but the politics of assigning blame, if such is to be assigned, are a more complicated matter than might have appeared.

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Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute

Katherine Lazarski
Press Officer,
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.