> I've said there absolutely must be serious re-regulation so
> this doesn't happen again.
I'm curious what you would be happy with, regulation-wise. Have some examples? Some things that I think "could have stopped this from happening" are:
- Some kind of FDA-like authority over derivative product introduction?
Essentially 'consumer protection' for the 'sophisticated investor' set who are presumed to 'know better' but clearly don't. "You can't introduce that product, because it's a big pile of stinking shit!" ...?
- Capital requirements for non-bank entities? Leverage limits?
- Oversight of ratings companies like S&P and Moody's?
It's hard to see how this would go over well, but maybe there are some simpler ones I'm missing.
/jordan