tag:blogger.com,1999:blog-3758330678390419129.post8442051487340629869..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Inside the Mindset of a Free Market Destroying Government RegulatorRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3758330678390419129.post-87277557345261247532012-10-23T19:11:54.938-04:002012-10-23T19:11:54.938-04:00A consequence of our UnFree Market is that compani...A consequence of our UnFree Market is that companies like Wal Mart use their size and power to gain a competitive edge via legislation, eminent domain, asymmetric tax breaks, etc.<br /><br />I don't like Bair, but I think she made a decision that will be better in the long run. <br /><br />Would you want a Bank of Wal Mart that had the power of the Federal Reserve behind it?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-88183174513109325892012-10-23T18:08:29.877-04:002012-10-23T18:08:29.877-04:00She is too stupid to even realize it....
Or is she...She is too stupid to even realize it....<br />Or is she just another political terrorist "getting off" at harming everyone else?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72783864850483930872012-10-23T14:54:51.733-04:002012-10-23T14:54:51.733-04:00The other issue is that Walmart found a legal aven...The other issue is that Walmart found a legal avenue through which it could charter a bank, but the FDIC decided to not grant the application despite having no basis at law to do so.<br /><br />This is the problem with totalitarianism. Latin America has experienced this problem for a long time, where bureaucrats don't care what the law says. It is now here in the US. This was inevitable ofAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-38772401226432892902012-10-23T14:47:46.455-04:002012-10-23T14:47:46.455-04:00Harry Teasley's Rules of Bureaucratic Behaviou...Harry Teasley's Rules of Bureaucratic Behaviour: <br /><br />Rule #1: Maintain the problem at all costs! The problem is the basis of power, perks, privileges, and security.<br /><br />Rule #5: Maximize public-relations exposure by creating a cover story that appeals to the universal need to help people.<br /><br />Peternoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-52010665993057311652012-10-23T14:20:10.924-04:002012-10-23T14:20:10.924-04:00This whole excerpt is so rife with moral hazard it...This whole excerpt is so rife with moral hazard it's unbelievable. <br /><br />It also shows how big the bureacratic egos get...at least she pauses for a moment to reflect that she might not know what's best for the nation. <br /><br />Clearly in the big picture though she lacks a moral compass:<br /><br />"I could see that its entry into the banking business could theoretically Anonymousnoreply@blogger.com