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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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Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.