Sense on Cents

Are proposed banking regulations and capital standards too stringent as JP Morgan’s CEO Jamie Dimon would have us believe? Are they not strict enough and has Washington properly addressed the critical issues within these topics for the future health and well being of our overall economy?

Why is it that the American populace is forced to view this regulatory debate as an either/or situation, that is too much regulation vs not enough. The fact is, we have allowed both the Wall Street and Washington camps to frame this debate.

That error in judgment and in practice means we will continue to encounter many of our current problems as we navigate our future economic landscape. I broached this reality two years ago in writing, Future Financial Regulation: Not a Question of Sufficiency, But of Transparency and Integrity.

This morning I witnessed Amar Bhide, Thomas Schmidheiny Professor at Tufts University Fletcher School of Law and Diplomacy, pull no punches in hitting the same nerve. Let’s navigate. (more…)