Mar 302008

What are the consequences when a department messes up in your organization? Does it get more money and greater responsibilities, or does it get trimmed back a little?

It probably depends on whether or not you work for the government. If it’s a government regulatory agency, it gets more. If it’s a business, it gets less.

How else to describe Henry Paulson’s call to consolidate federal financial regulators and give them more power?

It looks like a second coming of Homeland Security. After 9-11 not a single bureaucrat faced consequences for being unlucky enough not to use the information at hand. Instead, the response was to grow the government.