FT Alphaville » What’s going on inside the FSA?
Er.... does anyone remember the few hundred years before financial services regulation? Has regulation improved our lot? Is it true that all we have to show for all this regulation is thousands of regulators staring into the abyss? I wonder if the Monty Python team could do a sketch on regulation along the lines of "What have the Romans ever done for us? Or the Judean People's Front, or was the the People's Front of Judea? Who cares, we are in a mess and until regulation is based upon what society needs instead of all this top down 'Collective Intellectual Failure' we will continue to chew the cud and get absolutely nowhere.