fi-cri fallout

Financial Regulation Could Cost $221 Billion

Well, crap. Having a largely unregulated financial system cost us hundreds of billions of dollars. Now, we find out that regulating the damn thing is going to cost us hundreds of billions of dollars, too. We guess we’re damned if we do, and damned if we don’t, as our grandma used to say. [Reuters via NYT]

Financial Regulation Could Cost $221 Billion