<quote>
Imagine if we lived in a world where instead of saying that murder was
illegal, we said murder with a knife is illegal, murder with a gun is
illegal, murder with a noose is illegal -- we had highly specific
rules. No one would be surprised to find that people were murdering
with ball-point pens to get around the rules. The same thing is
happening in the financial markets. People are using, or are
contracting around legal rules, and I think we need to move to more
general principles.
<unquote>
Rest of interview: http://www.tompaine.com/feature.cfm/ID/7730