Why Current Regulation Isn't Working Well Enough
The capital markets have a special significance to the economy and aren't treated like other markets. They are more regulated, for the good of all, and they need better regulation now if faith isn't to be lost and the economy further damaged.
Although capital markets in Germany and the United States are highly regulated, financial firms can get away with things not permitted in other industries. In the capital markets, a company can sell a product to the public which completely fails to produce its benefits within a short time, and yet the public has virtually no protection against the seller. In fact, the seller is allowed to stand behind boilerplate language in the selling documents which absolve ...
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