Regulators Must Regulate

This idea about creating a “systemic risk regulator” seems like a pretty good idea, but it’s also worth noting that one of main weaknesses of regulatory entities are regulators who lack the will to do anything. For example, Alan Greenspan could have raised interest rates to burst the housing bubble, but instead, he told people to take out adjustable rate mortgages.

I’m afraid there isn’t much of a solution here, but one thing would be to elect people who actually believe the government has a role in society.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: