All I'm saying is that you gotta fail in order to know what not to do. Its not like there's decades of best practices one could look to to make sound decisions or anything. And to expect a government regulator to understand the industry? You most be out of your mind.

Real talk: this is why there needs to be a wall between civil servants and the businesses they oversee, not a revolving door. The latter create incentives for regulators to sell out and leave us holding the bag.