The Federal Reserve is prone to major and minor mistakes because it is affected by political pressure.

During two closed sessions before the luncheon, committee members discussed the latest in financial regulation issues. At a luncheon briefing following these sessions, SFRC members gave several statements and answered questions.

The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry--including banking, insurance and securities--who meet regularly to study and critique regulatory policies affecting this sector of the economy.

A century from now, observers may well identify the last months of 2011 as the start of higher education’s Great Disruption.

The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry—including banking, insurance and securities—who meet regularly to study and critique regulatory policies affecting this sector of the economy.

There are new twists to in the ever-entertaining faux debate over the dangers of shale gas. The New York Times, which turned obscure Cornell University marine ecologist Robert Howarth into an anti-fracking rock star in its questionable spring series on shale gas, and got hammered for it by its own public editor—I‘ll take some of the credit—is finally getting on the science bandwagon.

The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry--including banking, insurance, and securities--who meet regularly to study and critique regulatory policies affecting this sector of the economy.

The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry--including banking, insurance, and securities--who meet regularly to study and critique regulatory policies affecting this sector of the economy.