Scalding New Book from W&A Publishing “We’re All Screwed: How Toxic Regulation Will Crush the Free Market System” by Stephen A. Boyko
CEDAR FALLS, Iowa-(Business Wire)-September 22, 2009 - W&A Publishing announces immediate availability of the book “We’re All Screwed: How Toxic Regulation Will Crush the Free Market System” by Stephen A. Boyko. The cover price is $28.95. It is available online at www.w-apublishing.com.
As one of the few practical and experienced financial market regulatory policy wonks, Boyko rationally explains the history of capital markets, the structure and the problems, and he addresses, in depth, how better governance, not rule writing, will provide answers to the issues that have caused chaos for market participants and overseers alike. “This book is not a complaint, it is a solution,” says W&A Publishing executive editor Karris Golden.
A strong advocate of market-based solutions, Boyko has more than 40 years of financial services industry experience including policy and regulatory work for the National Association of Securities Dealers. He speaks and thinks with an entrepreneurial mindset and has taught MBA-level management and finance courses at the American University Kogog School of Business in Washington, DC.
“In the aftermath of the great recession of 2008-09, the call for revamped financial system regulations is deafening. “We’re all Screwed…” makes the case for a rethink of basic regulatory principles. Boyko argues that comprehensive governance requires an elemental rethink. Sort out financial products by the degree of uncertainty that they carry. Regulatory aggressiveness should then follow, as the level of riskiness dictates. If you remain a fan of capitalism, find regulatory reform scary, but recognize that things went way too crazy in the recent past, read this book. It offers a plan that gives regulators a reasonable chance of dampening future excesses while keeping the baby as they drain the bathwater.” — Robert Barbera, executive vice president and chief economist for ITG and author of “The Cost of Capitalism” (McGraw-Hill.)
Taffy Williams, PhD., who is CEO of Colonial Technology Development and former CEO of IMCOR Pharmaceuticals, says, “This excellent book addresses issues that need to be considered by government officials and lawmakers. It makes several key points. Regulations must transcend one-size-fits-all; bubbles always take place, but they increase in frequency if regulations don’t address the greed-related issues of all parties fairly (until then, we are all screwed!); and SOX is an example of rule writing, not governance!”
And, an answer for ‘who needs to know this stuff?’ From James A. Olson, a senior researcher for a Washington, D.C.-based think tank: After past policy failures, “a new approach is needed. Stephen Boyko has addressed the problem and the causes in a direct manner. His book should receive the widest dissemination within federal, state and local governments, as well as within the academic community. Commercial enterprises would be well advised to study this work to stay ahead of the learning curve.”
W&A Publishing, a thriving publishing house in the financial sector, already has a solid niche as the “Trader’s Tutor,” geared to educating and assisting serious traders and market participants. To order a book or to learn more about W&A Publishing, please visit www.w-apublishing.com.
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