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I do get that, but regulation will always fail at something ... it isn't as if the industry did better, and many of those shareholders and bankers had every incentive to solve the problem. And given the risks of global contagion, I'd consider some harmonization ... and ensuing failure to be worth it, but I take the point, MDF.
Toggle Commented Jun 3, 2009 on End of Crisis Regulation Links at Conglomerate