Reply #51: Are you kidding? Ever read the "Securities Law Reporter"???

[HamdenRice]

I used to have to work with it. It's a legal publication that contains all the laws and regulations for just one slice of the financial industry -- the securities companies. Iirc it was about 15 volumes of looseleaf pages with tiny print, containing the securities act, securities exchange act, investment company act and related acts, plus the hundreds of thousands of regulations issued under those acts, and we received about 30 pages per month to replace old pages as laws and regs changed.

It will take years to figure out what went wrong, what regs were responsible and what needs to be done.

Anyone bitching about the laws and regs not having already been fixed just doesn't know anything about the issue.