The kind of people who gravitate toward becoming regulators are good at crunching numbers but lack the knack for "pulling the trigger." That's why more regulations and regulators is the wrong way for taxpayers to be forced to go.
Every day when I read the headlines in the Wall Street Journal I find myself thinking, ‘yep, Peter Nayland Kust is right again!’ What still mystifies me is how so many MBA Finance grads could mess up so many common-sense banking fundamentals. So, my next question: do you think this latest bank failure will placate everyone into thinking the banking crisis is over, or do you think it will spark the nervous herd into a stampede to get their deposits out of Dodge?
The kind of people who gravitate toward becoming regulators are good at crunching numbers but lack the knack for "pulling the trigger." That's why more regulations and regulators is the wrong way for taxpayers to be forced to go.
Every day when I read the headlines in the Wall Street Journal I find myself thinking, ‘yep, Peter Nayland Kust is right again!’ What still mystifies me is how so many MBA Finance grads could mess up so many common-sense banking fundamentals. So, my next question: do you think this latest bank failure will placate everyone into thinking the banking crisis is over, or do you think it will spark the nervous herd into a stampede to get their deposits out of Dodge?