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More correctly, too much of the wrong kind of regulation. This is why I stated "balanced" regulation. Too much of a wrong thing will spell disaster. You have to get it just right. You can't choke off the banks' ability to make money, but you should also ensure that both lenders and borrowers aren't taking on undue and unmanageable risks. It's about stabilizing the system, not guiding it in any particular direction.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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