We have so many regulators we effectively have no regulation (but lotsa transaction costs).
Well put, except it’s not true. As we’re seeing now, the inefficiency introduced by regulations is more than compensated by the investor confidence resulting from a stable market.
We’re going to spend hundreds of billions of dollars to save potentially trillions in losses. $100 million of regulation and oversight, applied at the right time, could have done the same.
We have so many regulators we effectively have no regulation (but lotsa transaction costs).
Well put, except it’s not true. As we’re seeing now, the inefficiency introduced by regulations is more than compensated by the investor confidence resulting from a stable market.
We’re going to spend hundreds of billions of dollars to save potentially trillions in losses. $100 million of regulation and oversight, applied at the right time, could have done the same.