Will a market crash one day be pinned on the Supreme Court? An accounting expert explains why recent rulings have him worried
- Written by Paul Griffin, Distinguished Emeritus Professor of Management, University of California, Davis
In twomajor rulings this past month, the U.S. Supreme Court curtailed the authority of federal agencies to draft and enforce policies that affect the nation’s financial health. One important agency, the Securities and Exchange Commission, took a particularly big hit.
Speaking as someone who has researched financial shenanigans for almost 50...