How crazy and delusional is Ann Coulter??? From crooksandliars.com (they're talking about health care and insurance companies)
Coulter: That will not happen. But Bill, that will not happen under competition. Look --
-- no, no, let me make this point. No it will not. The government was regulating, the SEC was closely watching Bernie Madoff. Government regulation doesn't stop that sort of thing. What stops it is, people knowing you're investing with this guy at your own risk, and then all these private organization develop. Competition is what enforces that.
O'Reilly: Yeah, well, I don't believe that. I think competition can drive the prices down, but it cannot make an insurance company honest. Only a federal oversight committee that says if you don't do it, we fine you.
Coulter: Yes it can. Yes it can. Otherwise, what about the SEC with Bernie Madoff?
O'Reilly: No, Bernie Madoff got away with it because the SEC, under a Republican, Christopher Cox, simply wouldn't investigate him. That's why he got away with it.
link:
http://crooksandliars.com/
It's pretty far down the page -- I'm sure most people already know about it.
But, I live overseas, so I miss this stuff when it first happens