In some cases, managers observed behaviors indicating regulatory capture
(in other words, when the regulator is kowtowing and in the pocket of
the regulatee) as soon as 3 months after the agent was assigned to the
bank. But the greater fault was the lack of policy/oversight to prevent
this, and the managerial inaction once it was identified. Corruption and
human nature will always be with us, so what is the point of a
regulatory agency that can't even properly police itself?
The VA, ICE, ATF, NSA, IRS, Secret Service, CONGRESS... I know these recent
negative cases may skew the overall assessment of gov't effectiveness,
but do they represent a sufficient mass to conclude that our country is
seriously broken? What is the point of paying for a gov't that delivers
this level of performance? Well, we know that our gov't works extremely
well for certain segments of our society, but our leaders need to
remember that the middle class in aggregate represents a larger tax base
and voting bloc than the rich (and will always be so).
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment