Comments for NPR Tells Listeners That Financial Regulation Is 'Complicated' at http://www.cepr.net , comment 1 to 1 out of 1 comments http://www.cepr.net Fri, 24 May 2013 02:54:14 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/beat-the-press/npr-tells-listeners-that-financial-regulation-is-complicated/#comment-85 Just because a bet is being made on solvency of a financial firm as opposed to the likelihood that an outbreak of cold weather will harm the orange crop is no reason to treat the two "bets" differently. And in the case of oranges or pork bellies or gold prices we have regulated exchanges to manage the bets on either side. The exchanges assure that the participants can back up their bets and intervene to stop the action when a player is found to be a scalawag. This goes hand in hand with busting up "too big to fail" because these "too bigs" will ignore the exchange. But what is at risk is the control of money itself. The elected government runs the risk of losing control of its own currency. - Michael Wed, 14 Apr 2010 06:02:52 +0100