Centuries of manias and panics teach that financiers always have a better hand than their regulators, but the outdated and chaotic structure of regulation only adds to their advantages.
几个世纪以来的狂热和恐惧表明,银行家总是比监管层技高一筹,但过时和混乱的监管结构只会使他们更加难以管教。
"Light touch" regulation, which gave bank bosses plenty of room provided they seemed to know what they were doing, is to be replaced with a much heavier hand, but it is attached to the same people.
“轻触”的规定曾经给了银行的老板们足够的空间以供他们知道专家们在做什么,如今替换成一个更重的手,但它是连接到同一人。
And though executives chafe at financial regulation, the protection it provides makes investors far more likely to hand them money to play with.
尽管金融企业高管会打擦边球,但法律提供的保护会使投资者更可能把金钱交给他们管理。
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