Investing Quote by Anonymous
““Securities Act [of 1933] will be fully justified if it drives the government into the investment banking””
About This Quote
If the Securities Act pushes the government into investment banking, it may be seen as justified by market forces.
In simple terms: Policy may be justified by its economic impact.
Consider economic outcomes of regulation.
Themes
Mood
Type
When to use this quote
- financial legislation
- government contracts
- investment banking
- policy analysis
Key Concepts
Questions to Reflect On
- Is market efficiency more important than consumer safety?
- What safeguards are needed?
Such justification can ignore consumer protection.