One of the interesting dimensions of the testimony on the Hill yesterday was the effort people like new SEC Chair Harvey Pitt to stress that the measures taken to "stabilize" the market were not meant to interfere with the private sector as the engine of our economy.  Maybe.  It will be interesting to see if they are able to keep that up if the market tailspin continues.
 
Stephen F. Diamond
School of Law
Santa Clara University
[EMAIL PROTECTED]

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