36 Chambers – The Legendary Journeys: Execution to the max!

April 3, 2012

Banking Deregulation

Filed under: Economics — Kevin Feasel @ 6:00 pm

Pascal-Emmanuel Gobry makes the case for a deregulation of the entire financial system, as well as some external limitations on how large a bank can become.

I’m always sympathetic to deregulation, especially massive deregulation, and his plan seems pretty good to me.  I don’t know if the old partnership model would necessarily work as well as he suggests, but I doubt it could be worse than Too Big To Fail.

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2 Comments »

  1. I think I understood about 60% of this article, but it sounds reasonable. I probably should have taken more economics classes in college, in hindsight.

    Comment by Tony Demchak — April 4, 2012 @ 11:23 pm

  2. Over a year ago I wrote an article “Regulating financial risks” (it was also reprinted by a couple of financial websites like Stockpedia).

    http://gregpytel.blogspot.com/2011/03/you-cannot-regulate-risk-self.html

    http://www.stockopedia.co.uk/content/why-you-cannot-regulate-systemic-financial-risk-54717/

    I stated the obvious, that to fix the financial system:

    - it has to be deregulated (rather than more regulated as it is quite often argued);

    - those running it must take personal responsibility/liability (this can be achieved for example by partnerships, abut there are other legal forms that can do this too).

    Today I have read your blog post which repeated my core arguments (without giving credit to the real source, i.e. myself).

    Well, draw your own conclusions…

    Sincerely

    Greg Pytel

    Comment by Greg Pytel — May 25, 2012 @ 5:18 pm


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