There's no question we need to reform our financial system -- America's competitiveness depends on it. But, what type of reform is best for our nation?
From our perspective as business leaders, it's critical that policymakers keep their eye on the problem as they move forward on this issue -- focusing on reform that can modernize our nation's regulatory structure, while addressing the root causes of the financial crisis. With the right reform, it's possible to both fix what went wrong and protect business' ability to hire more workers and grow the economy. The wrong reform, however, risks repeating the mistakes of the past by encouraging the pursuit of short-term gains over long-term growth -- the same flawed mindset that lead to this crisis in the first place.