Securities
May 12, 2010
The Markets Demand Reform
Opposition to financial reform is, in all its iterations, bankrupt.
Robert L. Bastian Jr.
Partner, Bastian & Dini
Penthouse Suite 9025 Wilshire Blvd
Beverly Hills , CA 90211
Phone: (310) 789-1955
Fax: (310) 822-1989
Email: robbastian@aol.com
Whittier Law School
Opposition to financial reform is, in all its iterations, bankrupt. Free markets may work fabulously in allocating resources. And market economics may better explain behavior and trends because its assumptions that people engage in self-interested behavior and respond to financial incentives generally mirrors the world.
But absent rules regulating externalities - those innocent bystanders whom Adam Smith's hidden hand slaps around while benignly guiding private, self-interested t...For only $95 a month (the price of 2 article purchases)
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