The sooner this guy is out at the DOJ the better. He is without shame.
One of the problems with the attached article is that it implies that the reason Goldman pulled the things it did and does is because the Federal Reserve, the regulator, wasn’t and isn’t strong enough to curtail Goldman’s power.
The Fed is plenty strong. Far too strong in fact. What the author doesn’t appear to get is that in this instance we don’t have a case of “regulatory capture” per se. The Fed doesn’t kowtow to Goldman Sachs. The Fed and Goldman, and JP Morgan etc., are partners and always have been.
And Health and Human Services has veto over some content?
The fight against people trying to make an honest living and against customers who want a higher level of service continues on in Austin Texas. The taxi industry knows that their business model makes no sense these days so it is trying to regulate its survival. Across the country cab companies are leaning on their contacts in local government to make life as hard as possible for Uber and Lyft. And of course for you and me too.
Not surprising. I know a number of people in the medical field, mostly on the logistics side who are up in arms over Obamacare. Nobody knows what all the coding is. The codes coming in are all wrong. There are too many codes. Doctors aren’t being compensated correctly. Patients are confused as to who is paying for what. And I live where people are relatively savvy as to healthcare issues. I’m just down the road from a large medical school. I can only imagine what it’s like in other parts of the country.
Well done Ben. Great report.
“My wife said she didn’t know the lactose industry was so intolerant.”- Rep. Thomas Massie (KY)
In the attached article Glenn Reynolds examines the new, increasingly stratified America.