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  #21  
Old 09-09-2011, 04:58 PM
Bima Bima is offline
 
Join Date: Feb 2010
Posts: 6
Default Re: Who Regulates the Regulators? (Glenn Loury & Ross Levine)

Great discussion. I also liked the Umpire analogy. However I think the Stockholm Syndrome applies to a greater degree. The difference being that the regulators in many cases don't understand the full implications of the rules being applied. Thge regulators sometimes appear to act more like anxious hostages than experienced arbiters of well understood rules.
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