Reposted by University of Michigan Law Library
"Mike Tyson once observed, ‘Everyone has a plan until they get punched in the mouth.' It turns out that every financial regulator has a plan until they encounter a crisis."
Read, "The Mike Tyson Theory of Financial Regulation" by Professor Jeffrey Zhang:
blogs.law.ox.ac.uk/oblb/blog-po...
blogs.law.ox.ac.uk
The Mike Tyson Theory of Financial Regulation