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Mr. Williams, the spiritual leader of the Anglican church, called for increased regulation of financial markets, praising regulators' moves to curb short-selling in the wake of the collapse of Lehman Brothers and sharp declines in the share prices of other financial institutions.
Republican Richard Baker and others asked for increased regulation and oversight, giving credence to the regulators conclusions, but no action was ever taken.
In the wake of its bankruptcy filing, the predictable cries for increased regulation have filled the air.
On Thursday, advocates for the Volcker rule used the UBS trading loss to highlight the need for increased regulation.
In 2012, the year before he died, he co-wrote, with Mayor Michael Bloomberg, of New York, an op-ed for the Washington Post, arguing for increased regulation of fracking.
Advocates for increased regulation have long argued that cost-benefit analysis understates both the value of life and the benefits of government oversight.
Similar(27)
Despite such worries, the leading campaigning groups for increased regulations remain optimistic.
Air pollution in southern California has been falling for decades because of increased regulation, but now regulators want to go further.
Enough already with the calls for accountability, increased regulation, and skeptical analyses of the true "value" of a college or university degree.
The arguments for new and increased regulation in this space come from groups that claim the added red tape is in the name of protecting the worker.
When a lot of people lose a lot of money, there is a cosmic need for scapegoats and increased regulation".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com