Amidst all the fanfare about bank regulation by government, there is an assumption being made by the unknowing public that the supposed overseers know what to look for. That the regulators are fully qualified to do their work.
That’s an easy assumption to make with all the noise from government that’s echoed by the media.
As just one example. Government regulators haven’t the foggiest idea of how much volume there exists in the so-called “repos” market which they have erroneously insisted was one of the major causes of the 2008-09 financial meltdown. It might be $10 trillion, or more. It cannot be measured, or the types of participation involved determined; so it certainly cannot be controlled. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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