La reforma de la reforma bancaria

LONDRES – En los últimos tres años se han derramado océanos de tinta (o de bytes) sobre la formulación de programas para resolver el problema de los bancos que son "demasiado grandes para quebrar".  Muchos académicos y expertos han criticado a los reguladores y a los banqueros centrales por su incapacidad para entender los atractivos evidentes de la llamada “banca estrecha”, un restablecimiento de la separación entre la banca comercial y la banca de inversión/mercantil de la era Glass-Steagall, o de aumentar fuertemente los requisitos de capital. Si se adoptara uno solo de esos remedios, el mundo sería un lugar más seguro y feliz y los contribuyentes ya no correrían el peligro de tener que rescatar a los irresponsables financieros.

En respuesta, los banqueros tienden a argumentar que cualquier interferencia en sus negocios sería un ataque inadmisible contra su derecho humano inalienable de perder el dinero de los accionistas y depositantes del modo que más les plazca. Además, sostienen que el costo de cualquier aumento de los requisitos de capital sencillamente se transmitiría a los deudores mediante tasas de interés más elevada, lo que haría que la economía se detuviera en seco.

Lo anterior podría describirse como un diálogo de sordos, pero la mayoría de las personas sordas logran comunicarse bastante bien mediante señas y otros medios.

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