Everyone seems to agree the world needs better regulation to prevent a repeat of current turmoil.
But how exactly do you cap greed and stupidity, the driving forces behind today’s property boom-and-bust and past examples of “irrational exuberance” like the dot.com bubble?
Craig Barrett, chairman of chipmaker Intel, was not optimistic when he dropped into Reuters offices in London.
“I don’t know what regulation we’ll get but the issue is that people just got over-heated and over-excited and it’s really tough for the government to come in and slap you around and say it’s illegal to get over-heated and excited,” he said.
“That’s trying to regulate greed and stupidity, which are are two tough things to regulate.”
