Where Were Regulators When Banks Were Failing?

"When ANB Bank of Arkansas failed last year, it was easy to blame executives whose pursuit of high-adrenaline growth led to the bank's demise. But now other key culprits have emerged in ANB's collapse: the government officials who were supposed to be policing the bank." Mal-regulation, not lack of regulation, has been the problem. The regulations have been on the books, but not enforced properly.