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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (29739)10/3/2008 5:25:43 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 71588
 
Re: "True. But is misses the point....'

LOL!

That would be a separate 'point', (not the same one that "self-regulation" is always a recipe for failure and frauds....)

I would reply with Reagan's famous dictum: "Don't let the perfect become the enemy of the merely good."

There is no "perfect" regulation --- far from it.

But 'self-regulation' in the financial markets is always and anon an opening for frauds.