RS: The Warning: A War on Regulation

Watch The Warning on PBS. See more from FRONTLINE.

The role and function of the institutions that are an integral part of the systems that aid the operation of the government are to protect society, as Born puts it. However significant these institutions are. the people who leads their daily operations are infact fallible. The men on Wall street are called Geniuses and Wizards, yet they move and influence according to ideologies that puts society on a threshold for failure. Today, we have more reason to be afraid of these agencies. It's really frightening to find out that an extension to our current market structure exists and that it not only operates in total darkness, but has the power to stagnate and cripple our financial and economic structure. The dealings of ODC derivatives are not only unregulated, that market purposely and obviously makes the entire system vulnearble to fraud and injustice. It makes it possible for one company to lie and indirectly steal, to better their positions. There are no ethics

             The problem is that the government is afraid to deal with something that it is uncertain of. They do not understand the intricacy that lies between the dark market and the one we operate in daily. No ne one is willing to be a "Born" again.  Under common and criminal law, if a seller sells a defunct product, lies, and purposely misleads the buyer knowing fully well the buyers expectations are improbable, the seller stand to be legally dealt with and fined. The derivative market operates like this and needs to be dealt with in the same manner. The thing with this is that, with banks opearting unethically, the effects are a hundred times worse. And the question now seems to be who will cover the mess? yes Ayn Rand and her pupile Greenspan were wrong. When the public fails the government intervenes. The new agenda of the government is to further the ambitions of the rich, since they are the ones sitting in congress, head of councils and agencies. This is America's fight and has always been. A fight between those with influencing wealth and power to shift policitics and macro-policy and those who wants to protect public's wealth.