There Are Some Things That You Can

Regulation Needs To Catch Up With Innovation.

My Preference Is For The Federal Reserve To Be The Systemic Risk Regulator, Because The Responsibility For Identifying And Limiting Potential Problems Is A Natural Complement To Its Role In Monetary Policy.

It's A Safe Banking System, A Sound Banking System. Our Regulators Are On Top Of It. This Is A Very Manageable Situation.

There Is A Very Real Danger That Financial Regulation Will Become A Wolf In Sheep's Clothing.

For Market Discipline To Constrain Risk Effectively, Financial Institutions Must Be Allowed To Fail. Under Optimal Financial Regulatory And Financial System Infrastructures, Such A Failure Would Not Threaten The Overall System.