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March 21, 2007
Larry Cunningham and Henry Paulson March in Time
On the day that Larry Cunningham (B.C. Law to GW Law) posted his article A Prescription to Retire the Rhetoric of "Principles-Based Systems" in Corporate Law, Securities Regulation and Accounting, to SSRN, Henry Paulson, the Secretary of the Treasure, spoke at a conference :
In particular, the Treasury secretary highlighted the U.S.'s regulatory structure, accounting industry and corporate governance structure as areas that may be in need of an overhaul.Coincidence? Or a data point suggesting that judges' citing law reviews is a pretty bad measure of their importance. Who needs a federal district court citation, when the Treasury Secretary is (implicitly) "but cf'ing" you?"We should also consider whether it would be practically possible and beneficial to move toward a more principles-based regulatory system, as we see working in other parts of the world," Mr. Paulson said in his speech.
Paulson aside, Larry's article is interesting and well-worth the read.
Posted by Dave Hoffman at March 21, 2007 05:36 PM
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Comments
but cf'ing?
when you put it that way....
Posted by: Too fine a point at March 21, 2007 09:02 PM
