Quote:
Originally Posted by aceventura3
If "regulators" want to try and make the market idiot proof they can put in "requirements" all day long based on what an informed investor would look for - but at the end of the day no "requirement" will protect anyone from dishonesty or even incompetence. Caveat emptor - that is the best market regulator.
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Regulation worked pretty well between 1929 and the Glass-Stengall Act.....until the deregulation of the S&Ls in the 80s and the deregulation of commercial and investment banking in 2000.
There has always been fraud, dishonest, greed... but regulatory oversight keeps it in check far greater than the "invisible hand" or caveat emptor..