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You could talk about regulatory failure.
It was a total regulatory failure.
But again, it was a regulatory failure that did it.
"That is not a regulatory failure," he said.
This year's serial bailouts are proof of a colossal regulatory failure.
"An incremental approach is a setup for regulatory failure," Mr. Smith said.
He also acknowledged that regulatory failure contributed to the current economic turmoil.
Lehman Brothers was a symptom of a dysfunctional financial system and regulatory failure.
There was a media failure as well as a political and regulatory failure.
Lighthall declared, "We have here a perfect storm of regulatory failure.
The unprecedented number and scale of wage fraud cases is a direct result of regulatory failure.
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