Although the initial evidence shows that there are still clear limits to the penetration of financial logics into land use planning, continuing regulatory rollout and the increasing activism of foreign investors suggest the instrument's open-ended trajectory, with a potentially more significant role for financial actors in constituting urban financialization through CEPACs.
Financialization! "Financialization means the increasing role of financial motives, financial markets, financial actors and financial institutions in the operation of the domestic and international economies".
Before the meltdown, market fundamentalists and Wall Street bankers argued that our financial actors could police themselves, that their self-interest in remaining financially viable would create sufficient incentive to avoid failure -- far exceeding the ability of regulators to limit excessive risk by rulemaking.
Macroeconomic stabilisation is consistent with healthy volatility; real shocks can be perfectly good at trimming back over-aggressive financial actors.
They recognized the need to improve the supervision and regulation of all financial actors, in particular their accountability".
Therefore, the president has to find a way to punish bad financial actors without setting off another Lehman Brothers domino effect.
The opacity of the ethanol credit market makes it difficult to determine the extent to which large financial actors have profited.
David Plouffe, Mr. Obama's 2008 campaign manager, told reporters in Washington that such groups "are becoming the central financial actors in the 2010 election".
"[But] the government's trying to push into an area where more credible lenders and financial actors are actually moving away from.
Michel Barnier, the commissioner responsible for financial regulation, described the episode as serious and said it strengthened his belief in the need for "strict and rigorous rules" to govern the ratings agencies and other financial actors.
