Originally Posted by
Street garbage
This article is a summation of the times in which we live. Usually regulatory oversight is increased following the big failure. Humans being what we are, we collectively forget: Regulation is wound down,vigilance is erratic. Before long the regulators (all of whom never saw it coming) are answering for the next crisis. Wind forward 80 years and repeat the cycle.
"Well, no. But what was it Gough Whitlam said? You always want to back a horse called Self Interest, because you know it's going to go well."
The allure of easy money, when a transformation was simply a falling fuel price and a stroke of a pen (to change the fleet value) was too much to resist. Far easier to pull off when
you knew that a 'manufactured decline' and lockout were never thoroughly investigated and the court system gags a woman who wrote the speech for
that day in October 2011 months before...