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Reply #5: Excellent example of the same regulatory coziness that brought down the banks. [View All]

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Home » Discuss » Topic Forums » Environment/Energy Donate to DU
kristopher Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-25-10 12:14 PM
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5. Excellent example of the same regulatory coziness that brought down the banks.
There is no possible way to ensure against bad management and a corrupted oversight process.

If you think it was bad when the Federal Reserve, SEC and Treasury let us down as watchdogs of Wall Street, imagine the new meaning that "too big to fail" will take on when the Nuclear Regulatory Commission's inevitable failures come home to roost.
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