Comments on: By “Shopping” for Regulators, Private Equity Firms Have Discovered How to Buy Banks – Leaving Taxpayers With All the Risk

By: Desperate for Capital, the FDIC Backs Away From Tougher Rules Governing Private Equity Purchases of Failed U.S. Banks

Fri, 28 Aug 2009 07:24:20 +0000

[...] Let’s be clear: We’re not saying that the private-equity sector is made up of angels (angel investors, yes, but outright angels, no way). Indeed, as we’ve demonstrated in past columns, the private-equity set is actually a group of uber-capitalists who are hell-bent on turning their gargantuan ambitions into extraordinary wealth – and who aren’t above shopping for regulators or hardballing Congress to get what they want. [...]

By: Wall Street vs. Main Street: The Regulatory Battle Begins Tomorrow

Wall Street vs. Main Street: The Regulatory Battle Begins Tomorrow — Tue, 16 Jun 2009 15:00:32 +0000

[...] we’ve noted previously, there is nothing to stop clever players from shopping the regulatory smorgasbord of supervision servicers to find a friendly hall monitor who will accept [...]

By: Andrew

Andrew — Wed, 10 Jun 2009 11:54:41 +0000

As is typical, people use extereme times (plenty/crisis) to take advantage and rip down sound principles which we will all pay for in the future….examples, Glass Steagall, and now this