Bill Moyers interviewed former Citigroup chairman John Reed about the financial crisis. When asked about government regulation, he replied with this about cars and brakes (paraphrased):
Reed: Why does a car have brakes?
Moyers: To stop.
Reed: NO! A car has brakes so you can go FAST.
Imagine if you had a car without brakes–and you knew it.
How fast would you go?
via Moyers & Company Show 103: How power and influence helped big banks rewrite the rules of our economy. on Vimeo.
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