MF Global's Missing Customer Money All Accounted For: Trustee

Unfortunately, the reaction to common-sennse capital and regulatory requirements is more a reaction to the over-regulated envionment of today, and not a recognition of the need to protect not only the Citizen/Consumer and small business, but the entire marketplace.

Of course these financial institutions don't want regulation that inhibits profit-making. But, in the interest of the greater good-the entire society-we must have a framework that is transparent and protects all of us. Looking to the problems faced in Europe, and sure to spread here to U.S., we must get our financial house in order, and this includes a Surplus Budget to begin paying down the debt and freeing capital for growth of the private sector.
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MF Global's Missing Customer Money All Accounted For: Trustee

Notwithstanding your over-the-top rhetoric, it IS true that the lack of transparency in the "casino" marketplace of deriviatives and similar, unregulated or highly leveraged (how does it sound for the casino to lend you up to 95 to 99 dollars ADDITIONAL for every dollar you "bet?") financial instruments (AKA "chips').

Even better, the "house" gets to set the value of the chips AFTER you (the client) make the bet (transaction post-pricing).

The call for much higher levels of equity capital(owner capital at risk,including shareholders) is more than justified and MUST be reached, sooner, not later. 15 to 20% equity at a minimum, and restrictions on the amount of bets on any one class of investment. Anyone who thinks that banks can't find a way to make money is delusional. The problem isn't that they want to make money-that's normal, expected, desired-it's that they want to "bet the farm on leveraged investing, using unregulated products that aren't subject to the same rules as other financial transactions.

Take Derivatives; there are at any given moment 600Trillion (that's Trillion with a big "T" folks!) outstanding; ten times the total world Gross Product! In the game of musical financial chairs, with the largest financial institutions betting your future every minute on the continuing viability of a virtually unregulated marketplace, nothing in the way of exchanges and related rules!

Equity in financial institutions must be increased to 15%-20%. Investment banking and hedging operations must be separated from banking.
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Larry Page: Google CEO Faces 'Paranoia' Over Facebook One Year Into His New Role

As i noted, the government "manages," not OWNs, the full spectrum-everything frm Microwave to Fm radio, and everything in between and above or below- on behalf of Citizens, with Citizens supposed to be the primary benficiary.

The FCC is beset with politics, pummeled by Congressional and lobbyist iinfluence.

Maybe every Commissioner and Staff member should have to read the FCC charter before starting work each day (along with the Constitution).
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Larry Page: Google CEO Faces 'Paranoia' Over Facebook One Year Into His New Role

Would Facebook have to give up it's "monetization" streams to get you to pay $5.00?

Would FB have lo give up advertising? Or, would you be willing to "trade" your time and information for the FB feature set, knowing that advertising exposure is your price?

Free...is relative to...cost.

And, keep in mind you are also paying for your Internet access, up to $70.00 or more a month.
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Larry Page: Google CEO Faces 'Paranoia' Over Facebook One Year Into His New Role

How about quit expecting something -Content- for nothing? Ads are the way Content, including Search, are paid for. My objections relates to captured markets-you and me for Cable, Internet-paying to receive a service-spectrum- and paying again to receive content when we already paid for it!

If "fairness" were the issue, the FCC and FTC would FORCE separation of Content and Broadband spectrum for Cable and telecom companies, so that a competitive, auction-driven market for Content and services would prevail.
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Larry Page: Google CEO Faces 'Paranoia' Over Facebook One Year Into His New Role

In highjly competitive business markets there will always be new competitors vying for market share from the leader(s). The Internet's market leaders, still in their early teen years, will constantly be looking over their shoulders for the next competitor, revising their structure to maintain/gain advantage, and doing the things that just about every business does to grow profitability. However, gaining huge market share, even monopolistic advantage is not allowed in American capitalism, and it is the job of government to force transparency so as not to allow monopoly market share except as earned in a competitive marketplace with reasonable access. Uninformred regulators and legislators, influenced by politics and freely flowing contributions from every direction have allowed unwarrented geo-monopolies, and equally unwarranted market share monopolies in vital sectors related to the Internet, to the detriment of Citizens and business. This must change if the highest value usage of Internet broadband spectrum, managed by government "for the benefit of Citizens," is to succeed. With Internet-based commercial, educational and health-related activity slated to be by far the fastest growing part of the Content and spectrum needs, it is incumbent that informed Citizens to make their voice heard in favor of freely accessed, open, transparent and competitive markets.
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