Thank you for noticing this in time Alan.
In a May 2005 speech, Greenspan said that "private regulation generally has proved far better at constraining excessive risk-taking than has government regulation."
That is to say, when profit is your motive, you will do a better job covering your six, than you will when government tells you what to do with your money.
also, Treasury Secretary John Snow said the U.S. needs "one strong national regulator" to oversee firms and fix what Snow called "a fragmented approach" to regulation.
You know, because all that pesky capitalism has something called "risk" associated with it.
President Reagan said the best thing the government could do would be to get out of the way. He is STILL right.
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