Who is Minding the Store?

Today, another breaking story about a Texas firm that may have bilked investors out of $8 B.

Now we need to ask the question, "Who was minding the store?"

The answer is "Apparently, not a living soul!!"

I am not known for being naive, but--well, I thought that all these regulatory agencies and Congressional Oversight Committees were for regulating and overseeing. Alas, yet again, I was wrong. Stupid me!

I guess Congressional Oversight is just that, they overlooked what they were to oversee. Which then begs the question, "So what are they having all these meetings for?" I guess Congress is meeting to investigate the efficacy of rutabaga on the health of earthworms. Or the pressing concern regarding whether cotton or nylon should be used on Athlete's jock straps.

They are not discussing whose doing what with the money they are extorting or gathering from citizens. And apparently, neither are the regulatory agencies. So what are they regulating? Perhaps hemlines--which may be the folks providing inservice for school principals and their dress codes.

They certainly aren't much regulating anything else. These unstable, risky loans, funds, and schemes don't have anyone checking them out, or asking questions, or investigating, or monitoring. So what are we paying these folks to do?

I'm thinking party. They must be spending their days partying. Meeting nice people who are representing a great fund that will pay money out the wazoo! Now, they must be partying, because drunk is the only way these folks must be believing these Ponzi schemes.

And then, Congress must be partying, because they certainly aren't working for us, so they must be drinking, and smoozing with the big dogs who are funding their campaigns. Whatever they are doing, what they are not doing is looking after our interests unless like GM of old, they think that what's good for them is, of course, good for us.

So here we are. Our tax dollars are supporting agencies that are sleeping through their day job, and our tax dollars are supporting Congresspersons who are suffering with such poor sight, they are not seeing a lot except and until the 18 wheeler puts on the air horn and starts the skid.

Then, it is too late.
Sadly,I am afraid, what ever we do now, will be too much,way too much but not enough and much too late.