Regulatory Consequences Quotes

Well, I like regulation as little as anybody else. It can be intrusive. It can be detailed. It can be bureaucratic. It can be unevenly administered. It can be unfair. But most regulations that we have for mutual funds and for banks are regulations that we earned. We did something wrong and we're paying a price for it.

I think you have a danger of regulating, putting regulations in place which will mean there will be no press in 10 years to regulate.

I do believe that some of these regulations made the markets more volatile, and it remains to be seen how bad that can be.

Clearly there are always unintended consequences of any legislative or regulatory act that's taken in the heat of battle.

Rules that may be easy for Wall Street are a death sentence for startups. They are easy to break accidentally and the penalty for noncompliance is severe.

[The Freedom of Information Act is] the Taj Mahal of the Doctrine of Unanticipated Consequences, the Sistine Chapel of Cost-Benefit Analysis Ignored.

All affected can accept the consequences and the side effects that [the norm's] general observance can be anticipated to have for the satisfaction of everyone's interests, and the consequences are preferred to those of known alternative possibilities for regulation.

Most businesses believe regulators intend to fine them rather than help them protect their workers. Serious violations should bring real consequences, but minor violations should only incur warnings that encourage compliance.