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Appeared in: Volume 5, Number 1
Published on: September 1, 2009
Toolbox: Creating a Financial System Safety Board

The National Transportation Safety Board looks out for travelers;
a similar board could look out for the financial system.

Thomas H. Stanton, who teaches at Johns Hopkins University, wrote A State of Risk: Will Government Sponsored Enterprises Be the Next Financial Crisis? (HarperCollins, 1991) and helped to persuade the Congress to create a new regulator for Fannie Mae and Freddie Mac in 1992.
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