If the SEC had been doing it’s job, instead of taking payoffs from the likes of Bernie Madoff, we wouldn’t be in this mess.
Somebody has to watch the watchers.
NO! No “somebody” has to watch the watchers — to hold that someone should is among the biggest reasons we got in this mess!
You just invoked a plea for a dictatorial nanny-state. Somebody to watch out for you!
No sir, that never works. People are people. Give them the power over others, as a way of avoiding your own responsibility is a surefire way of giving them the authority to abuse that power and turn it against you.
It is your responsibility, and mine, and everyone else to police a free market. We only ask of government that they set standards of weights and measures, and standards of contract forms and terms, and provide the courts and equitable processes to settle disagreements.
The rest — wise men leave to the market.