The problem is that financial innovation frequently outpaces

Current Events » in reply to Ban Questionable Wall Street Practices.

z — 5/18/2009 11:08:54 PM (archived)

our ability to effectively regulate, or even understand, the extremely complex securities that are invented and the investment practices used.

Nobody really understood what the hell the guys at Lehman Bros were concocting, but, hey, they're pretty smart guys so they must know what they're doing...right?

The whole thread (6 posts)

Ban Questionable Wall Street Practices. - David F Mayer - 5/18/2009 8:36:11 PM
- The problem is that financial innovation frequently outpaces - z - 5/18/2009 11:08:54 PM
  - Pretty smart guys. - ER - 5/19/2009 12:53:59 AM
- I'm sorry Dave. I can't do that. - ER - 5/18/2009 9:33:46 PM
  - Wrong. They CAN be made illegal and SHOULD be made illegal. - David F Mayer - 5/18/2009 9:43:11 PM
    - You're preaching to the choir. - ER - 5/18/2009 11:01:02 PM

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