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International Herald Tribune: Stripping bankers of their ideological pants

A book by 2 economists is scaring the daylights out of industry officials. In the arcane world of bank regulation, it is a radical idea: Force bankers to plow all their profit back into their balance sheets until they have built up such a large pile of capital that no one need ever again worry about bailing them out…But many of the economists are frustrated by the quality of the public debate about regulation said Dr Simon Taylor, Director of the Master of Finance Programme at Cambridge Judge Business School…”