Matt Levine: evaluation

Transcript context

…Is American financial regulation too federalistic and too fragmented or not? In my experience, the existence of state financial regulation was only a weird footnote. But I think, in general, it is almost certainly too federalistic and fragmented. The example that was not core to my experience as a person in finance is insurance regulation. It’s very clearly too state-based and fragmented and gameable, and I think that there are probably some securities cases that are similar. But insurance regulation is kind of the big one. Then you could argue that corporate law should be federalized. I don’t think that there’s a huge case for that, just because in practice, corporate law is a creature of Delaware. It’s essentially there’s only one corporate law anyway. What’s the most overrated neighborhood in New York City?…

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