Why We Regulate - NYTimes.com - 0 views
-
He has, however, been fond of giving Gatewood-like speeches about how he and his colleagues know what they’re doing, and don’t need the government looking over their shoulders.
-
So there’s a large heap of poetic justice — and a major policy lesson — in JPMorgan’s shock announcement that it somehow managed to lose $2 billion in a failed bit of financial wheeling-dealing.
-
In the 1930s, after the mother of all banking panics, we arrived at a workable solution, involving both guarantees and oversight.
- ...4 more annotations...