This chart and commentary, prepared by David Moss and reproduced here with permission, shows why bank regulation is a major policy and political issue, and why the continuing battle in Congress will be so emotional: Bank Failures, Regulation, and Inequality Bookmark on Delicious Digg this post Recommend on Facebook share via Reddit Share with Stumblers…
Before anyone ever discusses the subject again, or listens to another banker bellyaching about how increased capital requirements will slow down economic growth and hurt everybody, he or she must read the scholarly study by an international group of researchers entitled “Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity…
As we move for a moment beyond the pitched partisan battles surrounding financial, health care, environmental and immigration reform, many are beginning to think more earnestly about the challenge of regulation itself. My own work, along with that of a growing band of others influenced by dramatic developments in the natural and social sciences, has…
An earlier post referred to the past prestige of the SEC as an example of the kind of regulator that could reduce the incidence of industry capture through its prestige and strong leadership. The SEC has been in the news this week as the Congressional conference committee works through the financial reform package, and yesterday…
There are signs that more people are starting to understand what it takes to build good regulation. We have to start taking the profession of regulation, and professional regulators, seriously. For thoughtful commentary, see James Surowiecki’s column in the current issue of the New Yorker. Bookmark on Delicious Digg this post Recommend on Facebook share…
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