Economists may be biased in ways that are not apparent to many. A widely espoused theory in economics is that regulators' decisions often become biased in favor of the industries they regulate; to use economic jargon, they become "captured." Economic incentives encourage even the best-intentioned regulators to cater to the interests of the businesses they regulate. To begin with, regulators depend upon the regulated for much of the information they need to do their jobs properly. Also, regulators' jobs are industry-specific, and their best future prospects are likely to be with the regulated. Finally, the regulated are their only real audience, since taxpayers seldom care about regulatory findings. In this article, the author argues that unexamined biases may keep economists from warning the public about financial risks.