# Professor Kim Schoenholtz's co-authored op-ed on banking regulation is referenced

1 Faculty News August 4, 2017 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://https://www.reuters.com/article/us-markets-saft-idUSKBN1AK2EZ) -- "And don’t believe that the whole economic pie will grow if banks are freed up to make more loans. There is little evidence for that, as economists Stephen Cechetti and [Kim Schoenholtz](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz) argue. ... They also say Mnuchin's plan would make the financial system less safe. Investors hoping the whole stock market will make them rich if banks lend more should look at how that worked out in 2005-2007."

[Read more](http://https://www.reuters.com/article/us-markets-saft-idUSKBN1AK2EZ)