Master Control Switch

12:08 CST - Wow – am just listening to the former CEO of Lehman Brothers testify before the US Oversight Committee and this Richard Fuld guy says that what would really help the situation is a global master control area that all trades would be downloaded to nightly as a regulation requirement. Then, he says, any issues arising (as the current mess?) would be readily visible and intervention could ensue immediately.

 

Who would be in charge of that big brother control center, Mr. Fuld? I wager wars will be fought to win that post.

 

THAT is the end of the free market.

Wala.

 

Cheers.