Wednesday, November 2, 2011

Too big to fail is too big.........

Jerry Webman, writing in the on-line version of Financial Times,
offers some perspective on the importance of  a healthy world
of finance.  Full post is here.  Excerpt is here:

Adding another 800 pages to the Dodd-Frank Act would
probably not solve the problem. We will never write enough
regulations in enough detail to forestall bad judgment - and
more importantly bad judgment and its consequences are
essential to market discipline. The problem is preventing
bad judgment from bringing an economy to its knees and
impoverishing people who did not even know that bad
decisions were being made. That’s why size matters.

Thanks Ben

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