Regulation Play
Posted on February 11, 2009
Been hearing and reading about the stimulus, recovery, and tax breaks lately, but I don’t think I’ve seen anything about regulations or oversight. Without them, the government is just pissing away the money. Attaching strings to bailout money is one thing – it’s a condition of the loan. But what about the other companies? They are free to exhibit the carelessness that got their competitors into trouble. Chronic greed and the opportunity for short-term profits might cause them to make bad decisions.
I would hope that government regulations can temper the greed or force a reality check, but they need to be enacted before they can do anything.
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