More Bank Regulators Are Needed?

The Federal Reserve has well over 1,800 operatives who work on the premises, while the Comptroller of the Currency has over 500. They have been on the job all the time the banks have been having heavy losses. Yet, the politicians complain we need bank regulation. What have the regulators been doing all along?

Remember too, that the major Ponzi artists we hear about were given passing grades by SEC audits. Obviously, regulation is not the panacea we hear about. (See the Earl J. Weinreb NewsHole® comments.)