Not so much regulatory capture as regulatory rape

From the FT

 Mr Dimon’s comments come as Wall Street executives and Republican members of Congress are starting to attack regulation as anger at the financial industry subsides.[...]

Spencer Bachus, the Republican chairman of the House financial services committee, has said that regulators are there to “serve” the banks and warned 
the Treasury not to hurt Goldman Sachs’ shareholders when it writes new rules implementing Dodd-Frank

Jesus, poor deluded me, I thought the regulators were there to serve US and protect us from the rapacity of banks. So much for that.