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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (40441)	1/13/2010 1:18:56 PM
From: TimF	Read Replies (2) \| Respond to of 71588

Regulatory reform probably is needed, but that doesn't imply a higher overall level of regulation is needed. As for the banks calling for regulation of themselves - ----- "...While most politicians and most journalists seem to assume that big business generally wants to be left alone by government, the truth of the matter is that most regulation that actually gets passed has the backing of the largest players in the industry being regulated. We have seen this very recently with the toy industry, the food industry, and the tobacco industry. Big business has many reasons for wanting to be regulated--it disproportionately hurts smaller businesses, keeps out competition, gives an advantage to those with better political connections, insulates against torts, and gives an air of credibility..." washingtonexaminer.com