Saturday, March 12, 2011

So who regulates the regulators

An interesting post on the consequences of the significant expansion of powers given prosecutors by the Dodd-Frank 'reform'.  It points out both the inherent conflicts of interest and the rather predictable consequences of giving government employees huge amounts of power without any meaningful check on their ambitions.

So is the SEC in league with Justice to patch a gaping hole in its case against R by tainting a key witness?  If so, it wouldn’t be the first time the government has used its power to threaten and taint potential defense witnesses to smooth its path to victory.  Indeed, as I’ve written, such abuse is a foreseeable result of giving great power to lightly supervised government agents. 

Again, who regulates the regulators?

HT

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