Jerry Bowyer/tidbits

==Stop The Reform-Industrial Complex!==
: January 2009
Yesterday former SEC Chairman Arthur Levitt published a piece in the Wall Street Journal calling for more regulators as a response to the Madoff scandal.
Amazing! This regulator, who approved Bernie Madoff to head Nasdaq and put him on a reform commission associated with the Securities and Exchange Commission (SEC), now tells us that he was right all along and we need more regulators. Others have called for higher pay for regulators, or more power for regulators, or more independence for regulators from our elected representatives.
Am I the only guy in America who thinks that the Madoff scandal should discredit the regulatory state, rather than lead to an expansion of it?
Levitt was the chief cheerleader of what Larry Kudlow calls the "goo-goo" good government crowd -- Financial Division. Did that stop Madoff? Heck no! Madoff was a big player in that crowd. Close to Levitt and other financial scolds, Madoff threw loads of money at Democrats who sat on regulatory oversight committees. Levitt even said that Madoff's niece married an SEC official.
View the entire article. http://m1e.net/c?30089296-4WOKu6UZ8cxh2%403873174-u1vfiMl8W.SfY