Monday, March 13, 2023

Whose Head At The Fed Should Roll

Playing into the hands of the whiny rich Randroids to blame THE REGULATORS after they lobbied to reduce regulation, but they aren't entirely wrong.

The president of SVB was on the Board of the San Francisco Fed until Friday when he left for obvious if undisclosed reasons.

Light touch regulation doesn’t just happen because Congress passes bad laws.  It happens because the regulators are actually corrupt and serve the interests of those they are supposed to watch over.