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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: DMaA who wrote (109973)4/18/2005 12:43:29 PM
From: JohnM  Read Replies (2) | Respond to of 793743
 
That is unfortunate but when you invest you assume risk. If you successfully regulate risk out of the system you also regulate reward away.

Of course. But you don't assume illegality. Risk is one thing; CFO's stealing money; auditing firms looking the other way; you don't assume that. If you did, no one would invest.

You need a reasonable expectation of reasonably clean behavior to invest. Well, at least a reasonable investor would.



To: DMaA who wrote (109973)4/18/2005 1:26:53 PM
From: Nadine Carroll  Respond to of 793743
 
The chief "regulation" that went missing in 1995 - 2000 was investor skepticism. How does "Dow 36,000" sound today? People bought it in 1999. Liars were encouraged to lie more, because people bought the story without question. Honest CEOs were turned into liars in an effort to keep up. Manias don't just invite abuse, they create it.