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There will always be tension between the regulated and the regulator. How will we be able to have knowledgeable regulators without being able to employ people
by pintxo 4y ago
There will always be tension between the regulated and the regulator.
How will we be able to have knowledgeable regulators without being able to employ people from the industry?
- lettergram 4y agoThe FDIC shouldn’t be regulating, it’s insurance. It should or could be ran by accountants from accounting firms. Probably would be more suited anyway.
- pintxo 4y agoa) Any insurance has a regulating effect on the market. As the insurer is interested in minimizing payouts. b) How would you take over (especially short term) ownership of a bank without having any idea about how banks work? Don’t get me wrong, the revolving doors between regulators and regulated are a problem. But I fail to see how just removing the door altogether is a successful fix.
- lettergram 4y agoI don’t think an execs at a megacorp are all that qualified anyway lol. An accountant can be equally qualified to put stuff up to auction or assess risk. Second, they aren’t insuring only. In fact, they are typically liquidating. I think that’s part of the issue, it’s not a regulator body or an insurance body. It’s a liquidator that works, in part, at the behest of big banks and politicians.