The mindset of the politicians who voted for H.R. 3340 yesterday was revealed in comments by the bill’s author, Texas Republican Jeb Hensarling, who said that “Americans have come to loathe” the Financial Stability Oversight Council and the Office of Financial Research. Really? Do YOU know anyone with special loathing for these regulatory offices?
If you want to understand a person, someone once told me, watch how they treat people with more power and privilege than them. Then watch how they treat people with less power and privilege than them. Then notice the difference. Republican politicians regularly show bafflement
The repeated failure of ElectionBettingOdds.com to provide a consistent predictive view of the Republican presidential race shows that there really isn’t any invisible hand guiding markets in a reliable way. Crowds of people don’t have particularly reliable, or even constant, predictive insight.