The government is doing the right thing, you need to act before a crisis. High cap requirements are simply a form of insurance, if you are against it you are essentially saying higher leverage is a good thing, then why stop at the current levels why not more leverage, at what point would be enough. Arguments like 'they havent been hit, its working' are the same that were used for not having capital standards in investment banks
I wonder if these cap requirements will change things for equities (brokereage firms)? Hopefully not. -Guru
Does anyone know if these new requirements would petain to firms that just trade equities? Maybe those firms already meet tougher guidelines than futures firms? Anyone got the scoop? -Guru
Anyone who thinks inadequate futures brokers capital requirements were a cause of this crisis is a moron.