First, I believe the greatest enemy of job creation today is not overregulation, but the loss of investor confidence.
John C. Coffee: “First, I believe the greatest enemy of job creation today is not overregulation, but the loss of investor confidence.”
Editor's note · Context
John C. Coffee emphasizes that loss of investor confidence hinders job creation more than overregulation.
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We believe that leapfrogging rulemakings whose deadlines are months away ahead of rulemakings whose deadlines are months passed... violates both the spirit and the letter of the law.
I think one is enormously important: systemic risk. All of the future of our economy depends upon being able to solve in a credible fashion the problems of major bank failure.
First, we must address the problem of financial institutions that are deemed too big--or perhaps too interconnected--to fail.
I want to be clear that I think there could be a robust bankruptcy provision that would be helpful and that would be a supplement, but it can't be a substitute.





