Government-by-waiver cedes far too much control to special interests, and opens the door to serious regulatory capture.

FORBES: Twenty Percent of New Healthcare Waivers Are In Nancy Pelosi��s District

In one of the most obvious and egregious cases of regulatory capture yet documented during this crisis period, the OTS allowed IndyMac to backdate a capital infusion to a prior quarter and hide their deepening insolvency.

FORBES: SEC Charges IndyMac Execs: No Sign Of Ernst & Young

And in a test of how much regulatory capture has taken place in the airline industry, there is a war going on now between the needs of Boeing and airline shareholders and those of people who fly on 787s.

FORBES: 'Thermal Runaway' in 787 Dreamliner Batteries Must Be Stopped