Hello Matt,

On Sat 2012-Feb-04 10:57, Matt Munson (1:218/109) wrote to All:

MM> Maybe the reason why the SEC is not a tough enforcer of Wall Street
MM> is because if they are tough on Wall Street they will never get
MM> private sector jobs from Wall Street after they leave the SEC. I
MM> would like to see a 10 year ban on Wall Street/Financial Sector
MM> employment after being employed from the SEC so there would be more
MM> objectivity.

Many have suggested such a thing, and I've said myself it
would be a good idea.

A friend of mine challenged me as a person with a
libertarian point of view re such views.
This is the way I answered him.

OUr economy is so tied into all this stuff that these wall
street folks get massive bailouts because if their house of
cars collapses the whole thing goes down the toilet.
Therfore, they take risks they otherwise wouldn't knowing
that they've got a safety net that workers and average folks don't. 
Therefore we need to regulate them rather closely.

Either that, or to hell with the rest of it, no more
bailouts, no more subsidies for the corporations.  If the
corporates want theri corporate welfare and their corporate
safety net then they *must* accept stringent regulation.
After all, we the taxpayer have a right to protect our
investment.


Regards,
           Richard
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