How regulations often protect government incompetence

Re: Godfrey Bloom on the proposed EU regulations on the credit rating industry

Although Godfrey Bloom, UKIP member of the European Parliament for Yorkshire and North Lincolnshire, exposes the real purpose behind the EU’s proposed regulations on the credit rating industry, his insights can be extended to many government regulations in any country. Many are disguised attacks upon free speech to protect government incompetence.  Godfrey has vast experience in finance, so he understands how credit agencies work or, at least, are supposed to work.  They must be completely independent of influence from the agencies they are rating.

Less that three minutes and well worth watching and contemplating.

Patrick Barron

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