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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 411.49+0.6%Jan 8 4:00 PM EST

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To: TobagoJack who wrote (168240)2/8/2021 4:05:41 AM
From: Haim R. Branisteanu  Read Replies (1) of 219162
 
Great article and brings up all the important issues that regulator must deal with.

I foresee several basic problems

1. A substantial revamp of how politicians operate and can get elected and this not only in the US.

2. The thorough criteria of the top administration officials and their past conflict of interests at least 5 years in the past and future.

3. Substantial efforts to be invested into education system and kids should not grow up on video games or Lego but on classics, lessons from history, philosophy, science and team work, to get an all-around perspective mixed with practical technological problem solving. (personally at high school I disliked the Jewish Bible course - the reason not smart enough teachers - today I cherish the wisdom and philosophical aspect contained within the Jewish Bible)

4. No age is too early everything can be adapted properly for each age group. Cherishing productive work should be instilled in pupils from an early age with practice.

5. As suggested by Larry Summers more investment in infrastructure and alternative energy to generate new jobs and retraining of older workers from 40 years up and strong enforcement of age discrimination with active punishment and jail time if warranted (a neutral committee should examine each case if justified). At age 40 in NYC I already received “overqualified letters” from potential employers.

6. Curtailing the spread of Hedge Funds as since I know of them as early as 1988 I did not see that they over performed the markets in general and more so based and compared to the risk taken.

7. Due to the modernization of the financial markets - market makers do not provide the necessary stability of markets that once was needed and there new regulation is needed to avoid unnecessary volatility

8. Bankers should be individually punished as any other crime of stealing or embezzling or misleading and not only the firms should pay the fines

9. Licensing individuals dealing in banking (including simple "bank tellers") or for securities, debentures or commodity trading would more thoroughly investigated like live interviews opinion and history of behavior and not only knowledge of the rules that are constantly broken

I could go on with what more is needed to regulate those that are involved directly and indirectly in markets but will stop at this.

As a remark I did had licenses in real estate and securities trading/selling after passing the exams in NYC but no one checked my background thoroughly if I am indeed an honest straight forward person.

All I needed to provide was a simple record of my past, and no one asked why I need those licenses and the purpose of using them.
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