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the Sleeping Regulators ????? Some Short Videos below, to give you an idea of some of the issues that brought us, and the world to the steps of financial disaster. Still in the air we mght want to rethink some of our ways of allowing banks to work, through regulations that are based upon more rigid formulas for risk. The Bernie Madoff story, perhaps a successor to the well known Charles Ponzi, from whom the "Ponzi scheme is known". Greed, avarice, lust, and a host of other frowned upon human conditions are alive and well in todays financial markets and that's why laws that are enforced by regulators are helpful for civilization. If you had a new Turbo Porsche or other racing toy and drove around your town at 170 mph for years and years you might be surprised to be pulled over by a local cop after so many years of lawlessness behind the wheel-the shock should be why did it take so long to see the car? Here is
Part One of the Financial Bust
Here is Part Two of the Financial Bust Another Look at
the Financial Flop
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