4 ms·
> criminal negligence A regulatory agency that serves a liberal (or at least pro-regulation) administration failing to catch a crook is indeed bad at its job,
by superuser2 12y ago
> criminal negligence
A regulatory agency that serves a liberal (or at least pro-regulation) administration failing to catch a crook is indeed bad at its job, and yes people should probably get fired.
A regulatory agency that serves an anti-regulation administration (and in particular Bush's SEC) failing to catch a crook, is doing exactly what the American people voted for it to do, which is nothing at all.
You can't win an election on the platform that someone's job shouldn't exist, he shouldn't have the tools to do it, and we shouldn't be paying his salary, then suddenly turn around and want to throw him in jail for not doing that effectively enough.
- jokoon 12y agoI wonder if that's the idea voters have of Reaganomics.
- _yosefk 12y agoWeren't Madoff's regulators paid a salary? What tools did they lack to check the warnings they got from numerous sources? Do they not have the right to check which securities the fund actually holds in its bank accounts?