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what do we have regulators for, if they are so easily captured, and have no moral hazard?

that to me is the achilles heel to go for.

it's not about blame per se, though there's plenty of that, it's the total impunity and relative anonymity they enjoy.

i understand the 'set a thief to get a thief' logic, but with no price to pay personally for their fake 'oops!', and the convenience of needing revolving door appointments, because no lay person understands the devious logorrhea and arcane numericals these scams are couched in, but these people have betrayed millions by their convenient incompetence at their jobs, jobs which destroy quality of life for the many, enriching only a few.

who are they, why aren't their faces and names on front pages, why aren't they accountable, hiding behind their disposable stooge politicians?

they are worse than spies selling state secrets, no better than common criminals, yet when did one have to grovel even a little bit?

the present ones should be quaking, yet i have the impression they are continuing their selfish, corrupt games, while marionette pols go down like flies.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Sun Feb 6th, 2011 at 07:02:19 AM EST
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"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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