To get the economy going in late 2008, the central government ordered state financial institutions to go on a binge.
FORBES: Chinese Banks Report Outsized Profits
Meanwhile, the Environmental Protection Agency would go on a regulatory binge like nothing in modern U.S. history against traditional carbon-based sources of energy, coal in particular.
WSJ: Review & Outlook: Energy in the Executive
But if they make cuts while the poor go on a carbon-heavy growth binge, the climate will suffer anyway.
ECONOMIST: Investors and climate change
Remember, they might have to go on a legal and accounting hiring binge if they expect to enforce their higher standards.
FORBES: Rewriting Wall Street's Rulemakers
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