...You're being way too reductionist, buying the anti-regulation propaganda. To be sure, there's plenty of bad things to be said about regulations. But it's tr

...You're being way too reductionist, buying the anti-regulation propaganda. To be sure, there's plenty of bad things to be said about regulations. But it's tremendously naive to believe that a lack of regulations - a case which we have recently experienced with the deregulation of the finance markets and of Wall Street, and the subsequent financial melt-down - will cure our ills. There is ample evidence of corporate fraud in recent years, not the least of which is around the mortgage securitization processes. We need a level playing field, with known, equitable rules, and with enforcement, and with judicial review. Commit to regulation and a pro-governance model? Lose. Commit to a corporate model and a pro-corporate model? Lose. It's about balance.