Wall Street Journal Readers Respond to Warren's Op-Ed
Last week, Ryan Mckee took a close look at Elizabeth Warren's op-ed in the Wall Street Journal. Today, readers of the Journal are sounding off on their letters page. Two examples:
"The Orwellian moment comes when Ms. Warren suggests that we need thousands of pages of incomprehensible legalese in the form of a "Restoring American Financial Stability Act" in order to protect Americans from incomprehensible legalese. If anyone in Washington really cares about financial stability (instead of engaging in money and power grabs) he should listen to Jamie Dimon, who has suggested countercyclical bank capital reserves rules that increase capital in good times and reduce capital requirements after a crisis has hit."
- Thomas Hofler, Monterey, Calif.
"Increased and intensive regulation will not create a level playing field but a lopsided one, where losers are protected at taxpayer expense (GM), and winners (JPMorgan) are provided a hollow victory (more regulation, less incentive for growth, less hiring, lower wages and bonuses) and many costs or government fees. These will simply be passed on to the consumer."
- Richard Comstock, Fairlawn, Ohio
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