And now for a truly scary economic storySeptember 13, 2010 Tim WorstallFinance2 CommentsHere. Regulation, regulators, yup, great, but when politics means that you don\’t actually have any regulators….. previousWell spotted!nextEconomics bleg 2 thoughts on “And now for a truly scary economic story” PJH September 13, 2010 at 10:59 am Currently, there are only four members of the Fed board: […], Elizabeth Duke, […]. Of Argos fame? I think we need to be told…. Ed September 13, 2010 at 5:21 pm Sounds like a good situation to me, as without the option of a bailout from the Fed, moral hazard is reduced. IMHO, we should move to have a clear distinction between money on deposit (which banks would simply safeguard and never use for any purpose) which would be guaranteed by the government, and investments (including the money market funds) that people know are always at risk and that are not guaranteed. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.