Bank Regulators’ Accomplishments?

                 

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

                       

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