So Simon Power is to redesign the regulators: It's time for Super-regulator.
Here he is on the left.
As I pointed out here, there is stacks of regulation. But it seems that's not the problem. No. The problem is that investors' money fell "through the cracks between regulators".
Maybe the XT network was down when the Companies Office tried to phone the Securities Commission to see if Bridgecorp's audited prospectus, checked by lawyers and regulated by the Securities Commission, was correct.
Sure, neither Labour nor Winston did anything to stop the elderly in this country losing the "thick end of $3 billion of savings".
But no matter how hard you try, you cannot save people from themselves, despite successive governments trying their hardest to do so.
Ground opening up during an earthquake
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