The reason that the general approach and this specific regulation makes sense, given past practices and likely future risks, is laid out in meticulous and convincing detail in the comment submitted by Dennis Kelleher and his colleagues from Better Markets.
MerkleyLevin619CommentLetter.021312(2)
The best way to keep money in perspective is to have some. —Louis Rukeyser
"It's the end of the world as we know it and I feel fine" say the French as consumer confidence in May rose to the highest since Nov '10 as they welcome and get excited about new Pres Hollande. Also, the French 10 yr bond yield touched the lowest on record this morning. June consumer confidence in Germany held at 5.7, just .2 pts off the highest since Mar '11. To the euro bond debate which is now taking on greater rhetoric with those with high bond yields wanting them and those with low ones saying no way, ECB member...
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