Friday, March 21, 2008

Will Wall St. $ fend off more regs?

In the wake of the mortgage scandal and credit crisis, some are calling for more regulation. Even a Fed takeover of the SEC. But pols are paid off by Wall Street, so more regulation may not happen.

What these critics don't get is that there are already enough rules. The SEC had plenty of authority to protect the system by raising margin requirements, for example.