The Fed can do whatever it bloody wants so long as it uses its own money to bail out the banks it is supposed to regulate, rather than taxpayers money. So long

The Fed can do whatever it bloody wants so long as it uses its own money to bail out the banks it is supposed to regulate, rather than taxpayers money. So long as they and the banks they are supposed to supervise stick to that they can do whatever they bloody want. This is where the quality of debates on HN become so sucky and surreal. Given that more than a few of the Treasury Secretaries, SEC bosses and what nots are ex Goldman Sachs et al employees, why do any intelligent people expect the Fed and other government agencies to regulate the banks properly, if the failure of the institutions they are supposed to regulate would result in the loss of the pensions the continue to receive from such institutions?