Hal Scott

The status of “public company” is expensive. Between forfeiture of sovereignty, vulnerability to class actions and millions of dollars in fees to ensure regulatory compliance, the whole package is increasingly unbecoming. And the Committee on Capital Markets Regulation worries the...

Hal Scott, Harvard professor, told Yahoo! Finance (Yahoo! Inc. (NASDAQ: YHOO) the much ballyhooed bank stress tests will effectively do nothing to avert another financial crisis. One objective of the tests is to push banks to increase capital reserves, which now stand at about 15 percent of equity...