Message #6540

[Howey]

This is a great example of the point I've made many times in the past, that regulation is inherently corrupting.  The people who know enough about an industry to regulate it are the ones who go back and forth between government and industry.  An arrangement that no doubt benefits industry.

The above is another brilliant (or not so) example of a generalized statement so wrong in it's execution it doesn't deserve a response.

Why? Ask Michael Browne.