May 14, 2012 9:42AM 

# Adult Supervision 

By [David Boaz](https://www.cato.org/people/david-boaz) 

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Some politicians say that banks need more regulation because JPMorgan Chase lost $2 billion, about 2 percent of its [annual revenue](http://www.thedailybeast.com/articles/2012/05/11/jp-morgan-s-2-billion-loss-fueled-by-efforts-to-avoid-risk.html).

Meanwhile, the [federal government](http://www.whitehouse.gov/omb/budget/Historicals) will have a deficit of about $1.3 trillion this year, more than half its annual revenue (and about a third of its annual spending).

Is there some sort of regulation that might remedy that?

##### Related Tags 

[Government and Politics](https://www.cato.org/government-politics), [Regulation](https://www.cato.org/regulatory-studies), [Tax and Budget Policy](https://www.cato.org/tax-budget-policy) 

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