'The U.K. is probing sales of structured products amid concern that bankers may have knowingly sold complex assets based on flawed valuations' (Wall Street Journal, 3 Aug 2009).
This shows why regulators often remind us of the Keystone Cops. They should be aware that anything you sell is 'worth' less than what you sell it for, for example - how much is a Rolex 'worth' (adding up the raw materials etc). So this inquiry is posturing more than sound analysis. Buyer beware is still the best deterrent and the effort to protect all consumers, investors etc is just relieving those doing the buying of their responsiblity to conduct due diligence
Academics and Bitcoin - a curious mix
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On a day when there is a report out about the confused approach of
regulators regarding the $200 billion 'cryptocurrency' market another
report caught my e...
6 years ago
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