TESTIMONIAL: Robert E. Litan of the Kauffman Foundation and the Brookings Institution
In his recent article, "Whither Financial Reform?" in the October 2009 issue of The Economists' Voice, Bob Litan offers the following supportive words for the NIF proposal:
"Finally, a group of academic scholars, financial practitioners and former regulators has suggested the creation of a data gathering and financial analytics entity, tentatively titled the National Institute of Finance, which could help financial regulators across the board keep up with and understand what Wall Street wizards and other private financial sector powerhouses are continuously inventing, marketing and using. The NIF ideally would be an independent body, with a Presidentially-appointed director (confirmed by the Senate), and would report to and work with whatever entity is charged with monitoring systemic risk. It is a good idea that, if all else fails, should be adopted."
For the full article, see:Litan, R. E., "Whither Financial Reform?", The Economists' Voice, 2009, 6(11), October.