I am shocked, shocked to find regulatory capture going on in the banking industry. Of course the regulatory environment in the US has gotten so lunatic Ober the last six years that it is literally impossible to abide by the regs. Which is catnip for the politicos who extract rents for issuing regulatory indulgences.
http://nypost.com/2014/09/26/tapes-showing-meek-oversight-of-goldman-are-about-to-rock-wall-street/
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