The Free Market as Regulator - by US Rep. Ron Paul
Powell GammillWhat we need to realize is that
there WAS a regulatory structure in place that was attempting to stop
bad management, including overpaying executives. That
regulatory structure is the free market, and when poor management
brought these companies to the point of bankruptcy, Congress
circumvented the wisdom of the free market, and inserted its own
judgment at our expense. And now because of that intervention, we will burdened with massive new regulations. We can be certain this effort will fail.