Be Glad Benjamin Lawsky Can Keep a Secret

The knives are out for Benjamin Lawsky, New York’s top state banking regulator. This week the financial press has been full of nameless, faceless critics from the federal government anonymously attacking him for going it alone with money-laundering allegations against the U.K. bank Standard Chartered Plc. Give Standard Chartered’s executives credit: At least when they have blasted Lawsky, they have shown the guts to do it on the record.