Four Lessons that OMB Failed to Learn from the Crisis

In a rational world the Office of Management and Budget (OMB), under Presidents Bush and Obama, would have responded to the financial crisis by demanding an emergency effort as a top national priority to develop superb regulatory capacity in the financial sphere and in many other fields. Regular readers will recall the questions I emphasize […] View the full post at: Four Lessons that OMB Failed to Learn from the Crisis Related posts: Could an Early Warning System Have Predicted the Financial Crisis? Comparing Today’s Bank Crisis to the Past Lessons From CIT Group