Additional Regulation vs. Effective Regulation

This story out today shows that the FDIC failed to enforce its own guidelines to rein in excessive commercial real estate lending by at least 20 banks that later collapsed.  If you missed it, the Madoff Ponzi scheme showed how grossly incompetent the SEC can be.  Meanwhile, every time I post a comment on this blog, I have to run it by the compliance department here.  Before congress passes additional, costly regulation that will surely deter/stifle investment here in the US, maybe we should take steps to ensure that current regulation and regulators are effective and competent. 

-Billy Ray

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