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Best Web OpEds 5/14/2012 at 1:18 AM EDT

Paul Krugman: Why We Regulate

Quicklink Submitted By Sheila Samples No comments

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What JPMorgan has just demonstrated is that even supposedly smart bankers must be sharply limited in the kinds of risk they're allowed to take on. For the moment Mr. Dimon seems chastened, even admitting that maybe the proponents of stronger regulation have a point. It probably won't last; I expect Wall Street to be back to its usual arrogance within weeks if not days.

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Related Topic(s): Bankers; Deregulation-Regulation; Paul Krugman, Add Tags

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