by Allen Frederick

Created on: May 03, 2010

"Your rulers are rebels, friends with thieves. They all love bribes and run after gifts. They never defend orphans. They don’t notice the widows’ pleas." Isaiah 1:23 (GW)

All the talk coming out of Washington DC lately is about regulation. The refrain is to regulate Wall Street to avoid future melt downs of the market. Well this week we find out that the regulators who were supposed to be watching over the financial markets were too busy watching PORN to be paying attention to their regulatory responsibilities.

They were looking at peep shows rather than looking over financial reports. Granted financial statements can be rather dull but according to one report, some of these SEC officials were getting paid quite handsomely to do this job. And you know what, I did not hear one peep out of OBAMA or his clan to cap these top officials salaries. I wonder if they still have their jobs?

Seventeen of the employees were “at a senior level,” earning salaries of up to $222,418.

What did the White House propose instead? You guessed it more regulation and more responsibility for the SEC. I wonder who they are going to hire to see that the work gets done? Who is going to be watching the regulators? The truth of the matter is had Goldman Sachs been allowed to fail we would not even be having this discussion.

We the people said “no to bailouts”, but the government decided to bail them out anyway, and from the sounds of the new regulatory bill they plan to do so into the far distant future.

"A hired hand isn’t a shepherd and doesn’t own the sheep. When he sees a wolf coming, he abandons the sheep and quickly runs away. So the wolf drags the sheep away and scatters the flock. The hired hand is concerned about what he’s going to get paid and not about the sheep." John 10:12-13 (GW)

The sound of the word REGULATION gives a sense of safety. It makes people think there are people paid to keep an eye on certain industries and practices to make sure they operate within the law. But it turns out that those who are paid to keep watch are watching something else.

These are hired hands, employees paid to be there, they have no vested interest in the people nor the families they are supposed to be looking out for. They are merely getting paid to do a job and when something bad happens they are quick to push the blame elsewhere.

They have no concern over the well being of someone living hundreds or perhaps thousands of miles away. The halls

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