WHAT GOES AROUND COMES AROUND: CONGRESS CONSIDERS REGULATING MORTGAGE DERIVATIVES
"But here is the punch line: The regulation doesn’t touch what are likely the next commodity crises (note the plural on crisis). Forget the fact that the long only commodity ETFs could be a volcano ready to explode on the supply and demand commodity ecosystem. The issue is “Bernie Madoff-style” hedge fund fraud: it will happen again. And this is unnecessary."

Friday, July 2, 2010
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