Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
"what do we have regulators for, if they are so easily captured, and have no moral hazard?"

Ah, that would be because when they cannot be so easily captured, a fake scandal is created in order to get rid of them.
After which of course, capture becomes a pre-condition for nomination.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Mon Feb 7th, 2011 at 02:34:04 AM EST
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