Comment

Angle: BP's $20B Escrow Fund a 'Slush Fund'

88
Obdicut (Now with 2% less brain)7/08/2010 12:10:42 pm PDT

re: #85 Aceofwhat?

Let me attempt to clarify my position when i say this was not a regulation failure.

There COULD have been regulation (≠ entirely different market practices, mind you) that MAY have prevented this.

No one was calling for it. Therefore, this is not a regulation failure as I would define it. Perhaps my definition is in the minority here, but i define ‘regulation failure’ as ‘failure to regulate a thing which will somewhat predictably break in expensive fashion without said regulation’.

you can’t regulate an outcome that no one is predicting.

You can’t regulate an outcome, period.

Your definition of regulation failure is nutty as hell to me, yes.