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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (41327)	12/29/1998 2:55:00 PM
From: Jess Beltz	Read Replies (1) \| Respond to of 132070

MMV: I really just don't think they saw it coming. After they realized what had happened, it was too late. Where I think you'll see legisaltive events will probably be in bank legislation, forbidding such funds to banks (or any funds using percentages of leverage that are too high (or even positive at all)) or possibly assigning a very high risk weight (according to the Basle Accords or some such). There is an interesting political/philosophical question here. Many of us feel that the less regulation there is, the better. As long as the market can take care of a problem, let it. The question here had to do more with collateral damage after the fact. i really don't want to see the hedge fund industry, or any other segment of financial markets regulated except as necessary. Remove the banks from participation in the business, and then if those bozos fall on their faces, who cares. ;^) jess.