The article discusses how the U.S., Great Britain and Australia handled the financial crisis, as of July 2010. It analyzes the reasons why Australia was less affected by the crisis than the U.S. and Great Britain. The author suggests that the U.S. would perform well to adopt a Twin Peaks Model which creates two agencies that regulate a broad range of financial entities but focus on narrow goals.
Elizabeth F. Brown,
A Comparison of the Handling of the Financial Crisis in the United States, the United Kingdom, and Australia,
Vill. L. Rev.
Available at: http://digitalcommons.law.villanova.edu/vlr/vol55/iss3/1