CRIMINAL penalties for non-permitted buildings!

[peteadams]

"If such a system were in place, municipalities would no longer be required to inspect as that would be turned over to a privatized certified inspection and engineering industry that would regulate itself by default through reputation and competition."

Regulate itself? That's just too funny. Hilarious even. Just like the finance industry/Wall Street? After all, the genius Alan Greenspan, to his eternal infamy, said everything would be peachy if Wall Street was just left to self-regulate. So how did that work out?