tag:blogger.com,1999:blog-2364362406345742956.post4346137238764720898..comments2023-10-23T09:23:05.584-05:00Comments on Live Oaks: Houston's Apartment Owners in Hot WaterBrian Phillipshttp://www.blogger.com/profile/06604845862020723068noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2364362406345742956.post-54317726355360556632009-04-08T15:58:00.000-05:002009-04-08T15:58:00.000-05:00I agree, and it shows that developing political co...I agree, and it shows that developing political connections is more important than developing a good business model. TAA is hardly alone. As you mention, Goldman Sachs has joined the chorus for more regulations, as has Continental Airlines and assorted other businesses. They are willing to buy "security" at the price of their freedom, and as Ben Franklin said, they will wind up with neither.Brian Phillipshttps://www.blogger.com/profile/06604845862020723068noreply@blogger.comtag:blogger.com,1999:blog-2364362406345742956.post-7918492474426996502009-04-08T13:11:00.000-05:002009-04-08T13:11:00.000-05:00The reason the TAA supports this bill is the same ...The reason the TAA supports this bill is the same reason that most big businesses support increased regulation. The costs of compliance are relatively high for smaller competitors and new entrants to the industry. Meanwhile, existing larger competitors – although faced with increased regulatory compliance cost, new licensing fees, etc. – will more than make up for those costs in decreased competition. If you can put a few marginal competitors out of business, or better yet keep them from entering the market in the first place, you can really impact your bottom line.<BR/><BR/>Another recent example (yesterday in fact) was the CEO of Goldman Sachs asking for increased regulation on his industry.Anonymousnoreply@blogger.com