> malevolent behaviour by an agent would rapidly make that agent incapable of future larceny. This is a naïve claim which is disproved by all available evidenc

> malevolent behaviour by an agent would rapidly make that agent incapable of future larceny. This is a naïve claim which is disproved by all available evidence. Markets without central regulation are always exploited by participants with more knowledge. Regulations are required to keep the playing field level.