Friday, November 25, 2011

Do we need to put more stock brokers in jail?

Friday, November 25, 2011 – by Staff Report

We're done folks. CNBC is reporting that there are now clients running out of the markets entirely because they do not believe their customer funds are safe. That's the end of it. The belief that there are more MF Globals has now taken hold. The thieves have pushed it too far and now we've got the start of a global liquidity run, and with good reason.− Market Ticker
Dominant Social Theme: By expanding the regulatory state, we can make things better.
Free-Market Analysis: One of the main emergent US dominant social themes is that the government and regulators must step in to clean up the market and make it safe for investors. The idea is that the larger modern marketplace is very necessary for the functioning of modern society and that one must "clean up fraud" so that people will "trust" the market again.
This meme is being enunciated aggressively all over the place lately, and we have done our best to point it out. It is based on a misapprehension and is placing good people into rhetorical boxes where they decry modern finance but turn to the US's penitentiary-industrial complex for solutions.
Read More

No comments:

Post a Comment