No more band-aid fixes regulators and policy makers! Take long look problem first please!


GOOD:  SEC hold off on voting to money markets;

BAD:  Ask for other policy makers to find way to regulate money markets UGLY: 2008 financial crisis = try to regulate everything even when not broken;

BOTTOMLINE:  Somebody needs to teach regulators and policy makers how to remove the layers of band-aids and take fresh start & look problem and problem.

“I consider the structural reform of money markets one of the pieces of unfinished business from the financial crisis,”SEC chairman Mary Schapiro said. She urged other policymakers to take up the effort. Read More:  http://money.cnn.com/2012/08/23/investing/sec-money-markets/index.html Happy

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