Very nice and important article, Michael. If corporations had their way there would be no regulations. Sure, there is such a thing as too much regulation, and seeking the right balance is a tricky business. But whether no not the regulated entity is banks or airplane manufacturers, erring on the side of slightly too much regulation is the safest bet for all concerned except for the recklessly greedy. You don’t run a business without insurance, and reasonable regulation should be thought of as just another sort of backup insurance — a necessary and responcible cost of doing business.