This is because, judging from frequently asked questions from my American friends, I believe that such historical facts might be of some help in considering the prospects for the U.S. economy. One such frequently asked question is related to the policy conduct for the time being – that is, will the United States suffer the Japanese experience of “a lost decade”?
Most important, if the regulatory capital required of these organizations does not adequately reflect the risks they are actually taking, the safety and soundness of the U.S. banking system may be jeopardized.