Regarding the PBS program, I tend to be a free market kind of guy that believes we have too many regulations that stifle small business and markets. However, when it comes to fraud, there has to be laws that are enforced to protect against it. There has to be basic regulations of oversight to keep those with lots of power and money from taking advantage of those without. Anti-trust laws, etc.

One problem is that sometimes even if we have the laws, they are not enforced.

I think the best solution is a very limited number of very simply written laws that are vigorously enforced. It seems the more complicated the rulse become, the more loopholes are created.

The other thing is, let failures happen. If the failure can't cleanse itself, it only sets up a situation for the problem to grow.

Makes me wonder how much pressure current chairman Gensler of the CFTC gets. He probably gets as much as Born did. Congress has just passed new laws that give him some teeth. We will see how the CFTC does with the new power.

John