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URL:  https://boards.fool.com/ltltthat39s-actually-a-really-really-good-34157511.aspx

Subject:  Re: Boeing and self-certification Date:  3/14/2019  9:38 PM
Author:  SeattlePioneer Number:  554982 of 583803

<<That's actually a really, really good analogy. IIRC, any water supply with something like over 12 connections is federally regulated. So, well over 300 million people use federally regulated water system every single day and there is only one example where the system failed. That is an astonishing success rate.
>>



I would have liked to see you advance that argument at the time when it was the hottest issue in town.


Of course, you are ASSUMING that the water supply of 300 million other people was fine. You don't really know how many other water utilities were asleep at the switch as well.


It's hardly surprising that when government regulation fails, the go to solution is MORE government regulation.

Suppose that when that problem was discovered, EVERY management level person in the utility had been fired. Just guessing, but I'll bet a LOT of other water utilities would have sat up and paid attention to that.


Seattle Pioneer
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