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Tuesday, June 10, 2008

Could Wolves be Trusted to Guard The Sheep?

Market watch reports that Brokerage firms may be regulated like banks
Big brokerage firms like Goldman Sachs, Lehman Brothers and Morgan Stanley are
facing increasing calls this week that they should be regulated the same way as
banks because they're so important to the health of the world's financial
system.

Timothy Geithner, president of the Federal Reserve Bank of New
York, said in a speech on Monday that all institutions that play a central role
in financial markets -- including the largest global brokerage firms -- should
operate under a unified regulatory framework.

Could the same goons who created the problems be trusted to solve them?

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