Recently, I came across an article written by Senator Elizabeth
Warren entitled "Don't Make Bad Bill on Bank Deregulation
Worse." In this article, the Senator warned against
efforts by the House to add additional deregulation measures to the
bill that was approved by the Senate (S-2155, "The Economic
Growth, Regulatory Relief and Consumer Protection Act"),
opining that such efforts, if successful, would make the Senate
bill even more dangerous than it already was.
Regardless of anyone's view on the merits of S-2155 or the
House's efforts to supplement it, I was struck by one of the
examples she gave of the "dangerous" measures the House
was considering adding to the bill. It reminded me of the
story about the boy who cried "wolf" so often that when a
real wolf approached the town in which the boy lived, his cries of
"wolf" raised no alarm among its residents.
