Regulation v. Internal Control
According to Dr. Lawrence Ball on a recent episode of “Squawk Box Europe,” inadequate regulation will bring about the next financial crisis. Dr. Ball, an economics professor at Johns Hopkins University and author of the book, The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster , getting rid of regulations such as the Dodd-Frank Act lays the groundwork for an economic meltdown of cosmic proportions.