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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Robin Plunder who wrote (28083)	4/18/2010 2:16:09 PM
From: SG	Read Replies (1) \| Respond to of 71456

Actually, you both seem to agree that honest regulation would be preferable, except one thinks that the system, itself, precludes honest regulation because the wolves appoint which foxes guard the hen house. To mix a few metaphors. It will be interesting to see if Goldman Sachs principals do hard time. SG

To: Robin Plunder who wrote (28083)	4/18/2010 4:29:37 PM
From: axial	8 Recommendations Respond to of 71456

"The FBI 'failure' was an expression of our regulatory environment." Horsefeathers. At the top of the heap is the political process: it makes laws, changes laws, influences and redistributes economic output. Through laws, it determines when criminal sanctions, civil sanctions and regulatory sanctions are appropriate. Consistent with the constitution and separation of powers, government is involved with every aspect of the country's existence - including the FBI and regulatory bodies - including funding, including appointments. The FBI deals with criminal matters. The SEC deals with regulatory matters. The triggers and sanctions are completely different. If the government of the day denies funding, or won't appoint diligent directors, or interferes in prosecution and investigation then it's obviously derelict in its duty to the public. --- Stick to your ideological defense: Greenspan's your boy, Rand's your saint. If you get lucky, maybe they'll turn objectivism into a religion. Then you and the other faithful can say you're doing "God's work" while the country gets ripped off again. Jim