America and Europe are practicing bungee jumping... without a rope!

Sir, when by means of capital requirements for banks based on perceived risks, regulators gave such a preferential access to bank credit to those officially perceived as not-risky, then they basically excluded the officially perceived as "risky", like the small businesses and entrepreneurs, from helping out in the economy. 

And that is immensely more dangerous than what Gillian Tett refers to in “Fiscal bungee jumping is the real threat to America” August 20, because it goes to the very heart of the economy. 

In fact considering the medium term implications of such unwise regulations I would say that America, and Europe too for that matter, are practicing bungee jumping without a rope. (And from its refusal to address this issue FT seemingly does not even care)