No. The dirty little secret is the FAA is too corrupt to actually make shoddy regionals like Colgan and Gulfstream fire a pilot who failed 7 checkrides throughout his history. They refuse to enforce respectable training just because better qualified pilots don't want to work under the crappy pay and conditions provided by regionals. When a regional flying 70 seat turboprops in the Northeast requires nothing more then a paper commercial certificate with ink that hasn't even dried yet, something is wrong.