Would more regulation have stopped the Credit Crunch?

Last night the FT teamed up with the London Stock Exchange to discuss whether we need more, less or different regulation for financial markets. John Kay and Martin Wolf led the evening with their talks. Both were suprisingly cautious about what you can expect regulators to achieve in the fast moving global world of...

Another day, another stunning bail out.

The US Treasury has moved to support Freddie Mac and Fannie Mae, the two large mortgage companies that dominate the US housing market. In what amounts to nationalisation, the Treasury has pumped in new equity capital and offered guarantees. Fortunately this action does not come straight out of the Northern Rock book of mismanagement....