Good, bad and ugly in early regulatory talk

A “systemic risk regulator” sounds like a great idea, Barney Frank, but would have sounded even better oh, about 10 years ago.

Where were folks like you and Chuck Schumer then? Listening to Robert Rubin too much?

Merging the Securities and Exchange Commission with the Commodity Futures Trading Commission? Good idea, as long as the stricter set of regulations, in cases where overlapping regulations are merging, always takes precedence.

Oh, and letting any one bank hold more than 10 percent of U.S. deposits, on the other hand?

Does NOT sound like such a good idea.