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Call me crazy, but this makes me think that there’s a chance that Barney Frank may be equally unqualified both to regulate banks and to manage them!

Well, you'd hope someone who used to regulate banks (and will never go back to regulating them) would be a good candidate for managing a bank.

In practice, yeah, it probably never happens.

Regulators aren’t good candidates for managers and viceversa because…

Being a regulator and a manager of a profitable enterprise have very few things in common.

You don’t want your audit and compliance department calling the shots for a corporation.

Just like the last thing you need is a CEO whether sales or engineer type making all of the risk, audit and compliance decisions.