[ovrtaxt]

Prime brokers for hedge funds track the leverage they have offered on a daily basis. If we have them report this information in a summary way, it will fully obfuscate the activity of individual investors putting no one at a disadvantage. The total data for all investors and markets could then be accumulated and released on a daily basis, and would then be available to allow investors to stabilize world markets on their own. As always, market problems are really a problem of information, and should be solved in that way.

At first glance, I like it. I think the control freaks among us won't go for it though. No opportunity to expand their power and importance. Plus, I think the Fed is looking forward to their new, powerful role with brokers and hedge funds.

[tcostell]

In a sentence you’ve basically described the reason that all government eventually leads to tyranny. People who are power hungry go into government for that very reason, and you’re right, they are unlikely to pass up an opportunity like this. Still, I thought I’d put my thoughts out there all the same.