» Friday, 22 January A.D. 2010
banks asking for regulation
If banks are going to continue in their expectations that the government is going to bail them out, then the government is naturally--regardless of arguments from the left for increased regulation or from the right for steering clear of the self-correcting market--going to impose regulations to make it less likely that banks will place themselves in a position in which a bailout is necessary. Simple economics. You can debate back and forth about the popular merits of such a decision and the political maneuvering that comes with that. But the government is acting in its own self-interest in this case, plain and simple. The banks are getting exactly what they asked for.
posted by Nate @ 9:52PM