By Bill Bergman, Truth in Accounting, includes “… There are more than a few good eggs out there in those evil markets. But if bad banks capture bad regulators, and if those regulators are charged with overseeing banking ethics, we're left with a dire situation. Boston College finance professor Edward Kane has developed some good ideas for improving the ethical culture among bank regulators. Kane has argued for the development of accounting standards that better reflect the transfer of wealth from taxpayers to financial firms arising from implicit subsidies. …”
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