Vanity Abounds in the Absence of P & L Responsibilities

Editor’s Note: CRE in its role as a regulatory watchdog is in near daily contact with federal regulators. In this capacity we learn of their observations and concerns  and on occasion share them with our readers.


In the pursuit of balanced regulation federal regulators are exposed to a wide range of personal traits in those being regulated.  However many agree that vanity abounds in the presence of those employees who are free from  P & L responsibilities or P & L concerns.

N. B. Herman Melville: “I have come to regard this matter of Fame as the most transparent of all vanities”.

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