http://blogs.reuters.com/muniland/2011/12/16/lessons-from-mf-global/ Bridges, budgets, bonds Fri, 24 May 2013 15:47:05 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/muniland/2011/12/16/lessons-from-mf-global/comment-page-1/#comment-613 M.C.McBride Mon, 19 Dec 2011 18:25:59 +0000 http://blogs.reuters.com/muniland/?p=6087#comment-613 I would disagree with the idea that regulators are not paid enough and that is why they do a bad job. The laws that they work with are written by the people they are regulating. The outcome of such a corrupt system is what we have today. Furthermore, the notion that the system is too "complex" and we need smarter people regulating is laughable. Credit default swaps are not complex. They are insurance policies and should be regulated as car or home insurance. The problem is clearly the entire legal system and the unabashed corruption in writing laws that restrict financial institutions' activities then expecting an equally corrupt judicial and executive branch to do anything that changes the status quo. I would disagree with the idea that regulators are not paid enough and that is why they do a bad job. The laws that they work with are written by the people they are regulating. The outcome of such a corrupt system is what we have today. Furthermore, the notion that the system is too “complex” and we need smarter people regulating is laughable. Credit default swaps are not complex. They are insurance policies and should be regulated as car or home insurance. The problem is clearly the entire legal system and the unabashed corruption in writing laws that restrict financial institutions’ activities then expecting an equally corrupt judicial and executive branch to do anything that changes the status quo.

]]> http://blogs.reuters.com/muniland/2011/12/16/lessons-from-mf-global/comment-page-1/#comment-611 goldtracker Fri, 16 Dec 2011 23:26:27 +0000 http://blogs.reuters.com/muniland/?p=6087#comment-611 The best way to keep this from happening again in my opinion is the arrest all involved and throw their Rehypothecation rears in prison for a long time. The best way to keep this from happening again in my opinion is the arrest all involved and throw their Rehypothecation rears in prison for a long time.

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