Re: The FCIC falls apart

"nicholas a. evans" <[email protected]>
Newsgroups gmane.music.dadl.ot
Message-ID <[email protected]>
On Fri, Dec 17, 2010 at 6:36 PM, Peter T. Chattaway
<petert-LOVM4QxV+tDq6eQxt3vRmLDks+cytr/[email protected]> wrote:
> On Fri, 17 Dec 2010, Lance McLain wrote:
>>
>> Last Wednesday, just hours after securing the position of chairman of the
>> House Financial Services Committee, Spencer Bachus, R-Ala., told the
>> Birmingham News that "in Washington, the view is that the banks are to be
>> regulated, and my view is that Washington and the regulators are there to
>> serve the banks."
>> http://www.salon.com/technology/how_the_world_works/2010/12/15/the_fabulous_bankers_boys_from_alabama
>
> And that's kinda like saying they're there to serve the people, yes?  Yes?

Unfortunately, no, it's not at all like that.  Regulators ought to be
serving the people in the same way that police officers ought to be
serving the people.  Detectives who are charged with investigating the
mafia should not serve the mafia.

-- 
Nick

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