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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (277064)	7/17/2002 4:43:19 PM
From: stockman_scott	Read Replies (1) \| Respond to of 769670

Maybe we should have an Independent Counsel spend up to $75 Million investigating Bush and Cheney... I have a hunch it could be justified AND most Americans might not like what would come out of this....Stay tuned -- you haven't heard the last of HALburtonGate or HarkenGate...=)

To: jlallen who wrote (277064)	7/17/2002 4:50:42 PM
From: Gordon A. Langston	Respond to of 769670

P.J. O'Rourke on Regulation Regulation creates a moral hazard. We don't understand finance, but it's regulated, so we're safe. "Regulation," Jerry Taylor says, "dulls the senses that you would take into an unregulated situation. If you hear screaming in the middle of the night, you assume it's hot sex, not murder." Regulation of the marketplace isn't bad. The problem is, rather, that the regulation we have now is too good—at least in its intent. Our regulatory bodies strive to create honest dealings, fair trades, and a situation in which no one has an advantage over anyone else. But human beings aren't honest. And all trades are made because one person thinks he's getting the better of the other, and the other person thinks the same. And you will always have an uncle who's heard about a merger on the golf course, whereas I've got an uncle who gets his inside information at the OTB parlor. Regulation would be better if its goal were not to ensure probity in finance but to rake muck. Get all the dirty laundry out in public: the ripped bodice of the hostile take-over, the stock jobber's filth-splattered britches, the soiled undershirt of dodgy bookkeeping, and campaign funding's reeking, horrible socks.