Stop the bank regulators!
It behooves us all to see what our bank regulators are up to, now when they have been caught with their pants down.
The more sophisticated our financial system gets the less we will understand it and the more we will have to place ourselves in the hands of experts; and thereby run the risk that our supervisor’s oversight degenerates because of the incestuous forces at work.
I do not purport to have the right answer but having seen how peddlers of supposedly prime potions poisoned the world’s financial system while bank supervisors were congratulating themselves on a job well done I have a feeling we should not let them dig us deeper in the hole we’re in, just because they want to save face.
We must require than non-bankers and non-supervisors are in majority in the bank regulating bodies and that our representatives are selected among persons humble enough to publicly accept that they don’t understand it when they don’t understand it.
The more sophisticated our financial system gets the less we will understand it and the more we will have to place ourselves in the hands of experts; and thereby run the risk that our supervisor’s oversight degenerates because of the incestuous forces at work.
I do not purport to have the right answer but having seen how peddlers of supposedly prime potions poisoned the world’s financial system while bank supervisors were congratulating themselves on a job well done I have a feeling we should not let them dig us deeper in the hole we’re in, just because they want to save face.
We must require than non-bankers and non-supervisors are in majority in the bank regulating bodies and that our representatives are selected among persons humble enough to publicly accept that they don’t understand it when they don’t understand it.
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