>The question is: Conspiracy or incompetence? Or both. As is often the case with industry leaders and regulators, the tail wags the dog. Meaning usually the

>The question is: Conspiracy or incompetence? Or both. As is often the case with industry leaders and regulators, the tail wags the dog. Meaning usually the regulator is totally incompetent and defers to the very people they are supposed to be regulating. Its not a conspiracy per say, its how the system works, but people don't generally know that or like to hear that, so they say that kind of talk is a conspiracy. Just as an example if you point to Goldman Sachs top executives bouncing back and for from Federal Government positions back to Goldman Sachs...the record speaks for itself, but people will say thats how its supposed to work and suggestions there is a problem with that is a conspiracy.