Securities-Berkeley-Haas.pptVIP

Rethinking Bank Regulation: Till Angels Govern;“Narrow” Motivation;“Broader” Motivations;If men were angels, no government would be necessary. If angels were to govern men, neither external nor internal controls would be necessary. In framing a government which is to be administered by men over men, the great difficulty lies in this: you must first enable the government to control the governed; and in the next place oblige it to control itself. ? James Madison, Federalist Papers, Number 51 ;Our Contributions:Collect new data and assess …;Debate about government’s role;Private vs. P