Re:Why the S.E.C. didn't hit Goldman Sachs harder
by lifeisstillgood on Thursday April 21, 2016 @07:05PM
(#11545960)
They don't have the upside. They already have the power to do almost anything to a bank. The top ranks of most big banks already spend most of their time worrying about the next inspection.
As far as regulators go, there is not much more fear and respect and obedience they can get.
So why make an example of anyone when day-to-day regulators are the big I ams
A sort of reverse Regulatory capture has been achieved. The regulators are calling the shots, but don't see the need to dig deeper.
The best analogy I can give is if Lord Ventinari from disc world were running 30's Chicago - Al Capone has been tamed, does not rock the boat and only kills his "own kind". Why should cleaning up the city and arresting Capone be a priority - he is under control.
I like discworld novels but I am not sure I want to live innsuchba compromised society
As far as regulators go, there is not much more fear and respect and obedience they can get.
So why make an example of anyone when day-to-day regulators are the big I ams
A sort of reverse Regulatory capture has been achieved. The regulators are calling the shots, but don't see the need to dig deeper.
The best analogy I can give is if Lord Ventinari from disc world were running 30's Chicago - Al Capone has been tamed, does not rock the boat and only kills his "own kind". Why should cleaning up the city and arresting Capone be a priority - he is under control.
I like discworld novels but I am not sure I want to live innsuchba compromised society