Posted by: Doug Henwood | May 4, 2011

Bankers fly in private jets, regulators ride the bus

These guys are supposed to regulate Wall Street?

U.S. Regulators Face Budget Pinch as Mandates Widen: “On a recent trip to New York to tour a trading floor, a group of employees from the commodities watchdog [the Commodity Futures Trading Commission] rode Mega Bus both ways, arriving late to their meeting despite a 5:30 a.m. departure. The bus, which cost $30 a person round trip, saved the agency roughly $1,000 over Amtrak.”


  1. It`s like the scene in the TV show, The Wire, where the Baltimore police officer arrived at a crime scene on a city bus because the city couldn`t afford enough police cars. At the time, I thought that it was pure fantasy…

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