A new study panel has come up with a novel idea to keep greed from melting down the U.S. financial sector again: Regulate it.
In another blow to the notion that the market functions best unregulated, the Group of 30, headed by former Fed Chairman Paul Volcker, recommends that the government tighten its grip on the financial markets to insure transparency with closer attention to risk management.
Good call, since we now know that the unregulated financial markets actually function best for those who seek to manipulate them for personal profit. So much for the free market.