Before 2007, the owners of America’s largest banks contributed as little as three cents of common equity for every dollar on their balance sheets. The capital requirements in place at the time were little constraint on the use of debt by these banks to fund purchases. Given the devastating effect of the financial crisis on US jobs and wealth that followed, would anyone really want to argue that requiring the biggest banks to hold more equity in 2007 would have adversely affected economic growth?
2007年前，美國大銀行資產負債表上的每1美元中，銀行股東的普通股僅占3美分。當時實施的資本金要求對這些銀行利用債務融資來購買資產基本起不到限制作用。考慮到后來金融危機對美國就業和財富產生的毀滅性影響，恐怕沒有誰真的想辯稱2007年時要求大銀行增持股本會阻礙經濟增長吧？
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