It's sad in a way to learn that the worse Wall Street kid got at the end the bigger check but the story isn't yet all written and if established that funds that should be manage with extreme prudence such as home insurance premiums, others insurance premiums etc... have ended up invested in hedge funds and others speculative financial instruments originally conceived to help manage and cover risks over large portfolios exposure to changing economic environment, then those responsible may have to face accountability....
Lehman sadly may have done the biggest mistake, compromised only their own interest, I learned tonight, thanks for sayin something (Sir).
Regulation efficiency :
I take the bet tonight (not in the basics, have to pay a euro 1/4 per month) that I won't find anybody to say that China is under regulated, will I?
Did it prevent anything, baby milk powder with some chemical!
I guess that regulation (whatever the level is) will never replace spirit. What's right and wrong whatever the gain may be....? But how manage that when right and wrong is different from one person to the other?
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