Insurance Companies' and Pension Fund's Investment: 91033rd

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In addition, the regulatory institution lacked adequate resources to monitor and supervise the rapidly growing industry. There was a time when mediocrity was acceptable. The opinion of the majority was based on the constitutional right of Congress to "coin money, regulate the value thereof, and of foreign coin" (Article I, Section 8, Clause 5). 52 Veazie can be seen as a completion of McCulloch, which granted the federal government the upper hand in the regulation of commercial banking.

Pages: 30

Publisher: Stationery Office Books (December 31, 1992)

ISBN: 0115360018

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