Hope it's not too late. The regulators have failed again and again, they had a lot of time after Enron, dot-com crash, but didn't do much other than catching couple of 'bad guys'. When the system is corrupted, catching some scapegoats is not enough. [#4336504@0 -ROLIA.NET 相约加拿大网上社区 之 枫下论坛 & 枫下部落, 枫下论坛主坛 ]
Hope it's not too late. The regulators have failed again and again, they had a lot of time after Enron, dot-com crash, but didn't do much other than catching couple of 'bad guys'. When the system is corrupted, catching some scapegoats is not enough.
by
omega4
(omega)
at
2008.3.17 13:02
(#4336504@0)
When one of the Wall Street tricks is detected, they quickly develop new tricks to grab money. And their tricks finanally get too complicated for any of their clients or regulators to understand not to say do anything about it. Simply put, those guys have been given too much power to manage too much money for too long.
Of course, the politicians who take their donations don't care a bit.