Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Monday, January 05, 2009
Former SEC Arthur Levitt claims more regulatory staff and budget would prevent future Madoff schemes
Failed regulators need to come up with a different response than "more regulation". When the prescription makes things worse, we stop taking the drug, right?
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