Quotes About Regulation

Today the U.S. government can demand the nation-wide recall of defective softball bats, sneakers, stuffed animals, and foam-rubber toy cows. But it cannot order a meatpacking company to remove contaminated, potentially lethal ground beef from fast food kitchens and supermarket shelves.

About 75 percent of the cattle in the United States were routinely fed livestock wastes—the rendered remains of dead sheep and dead cattle—until August of 1997. They were also fed millions of dead cats and dead dogs every year, purchased from animal shelters.

One day we had a conversation where we figured we could just try and predict the stock market... and then we decided it was illegal. So we stopped doing that.

The true measure of effectiveness for the new Environmental Protection Agency will be how fast they put themselves out of business.

If people let the government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as the souls who live under tyranny." —THOMAS JEFFERSON

Presently, there are just over one hundred medications that the Food and Drug Administration labels as having an important, known DNA interaction.42

Anxieties are diffuse states of tension (caused by a loss of mutual regulation and a consequent upset in libidinal and aggressive controls) which magnify and even cause the illusion of an outer danger, without pointing to appropriate avenues of defense or mastery.

Any society that needs disclaimers has too many lawyers.

A few decades from now, the current laissez-faire attitudes to sugar - now present in 80 per cent of supermarket foods - may seems as reckless and strange as permitting cars without seatbelts or smoking on aeroplanes.

Hunger - this mechanism that we suppose to be so basic - turns out to be one of the more intricate bodily impulses.

The loss of hunger regulation after the age of four is a phenomenon that transcends cultures and continents.

Laws and institutions are constantly tending to gravitate. Like clocks, they must be occasionally cleansed, and wound up, and set to true time.

Red tape has killed more people than bullets...

If there were not laws against it; 9 of 10 men would be potential suicides

In a perfect world the current laws would not apply.

you can be unethical and still be legal.

Why would a strong bank pay the penalty rate if it didn't have to?

And I appreciated the crucial role her agency played in the regulatory system.

Merging the SEC and CFTC was a political nonstarter because they were overseen by separate committees in Congress. The congressional oversight committees jealously guarded their turf because the market players regulated by the two agencies could be counted on to provide lucrative campaign contributions.

had helped make the Depression as terrible as it was.

the new administration was leaning toward moving consumer protection duties outside the Fed

I was ambivalent about the proposal for a new consumer protection regulator.

By that point, of course, subprime lending had already virtually ended.

pushing banks to limit their risks in this area. Though