The Brady Report: One Plan for Preventing Another Crash
What's the best way to make sure that a market crash like Oct. 19 doesn't happen again?</br></br>After a little more than two months of deliberations, the Presidential Task Force on Market Mechanisms, also known as the Brady commission, has rolled out its proposals. They range from giving the Federal Reserve a bigger regulatory role to introducing "circuit breakers" that can cool the pace of trading before a panic sets in.</br></br>Some market professionals are already arguing that the recommendations go too far; others, that they don't go far enough.</br></br>Here's a review of the five major recommendations by the presidential task force, in question-and-answer form.</br></br>Q: What is the central goal of the task force's recommendations?