> Surely, in that case, the market will make certain these valuable resources (regulators) are distributed in such a way as to maximize value, yes? Value to wh

> Surely, in that case, the market will make certain these valuable resources (regulators) are distributed in such a way as to maximize value, yes? Value to whom? How many bank regulators lost their jobs when the banks almost went down? Were the relevant agencies punished in any way? Of course not - they were rewarded. Govt insists on control without liability. What could possibly go wrong. Also, regulation is systemic risk. And if you believe in "too big to fail", what does that imply about the US govt....