Thirty years ago, George C. ("Bud") Mathews went into the regulating business as a member of Wisconsin's Railroad Commission (which then also regulated public utilities). Later he administered Wisconsin's famed Blue Sky Law which, in the high, wide & handsome days between 1925 and 1933, forced State registration, regulation of securities. After the Insull utility empire fell, Regulator Mathews in 1933 became vice president and general clean-up man of its Middle West Utilities Co. Same year President Roosevelt made him a member of the Federal Trade Commission.
With this background, no cheers...
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