http://www.92y.org/shop/event_detail.asp?productid=T-LC5IN03 It is quite obvious from the Paulson speech at 92Y....that politics often creates non workable and ineffective policies.... What should be made clear is that people who are chosen to be in important positions ....need to be keenly aware about what they are governing..... ie cases Madoff event..... A simple 5 minute observation of the fact that the OEX was a mainstay of the firm's strategy....and a simple view of the performance versus those using similar instruments....would have quickly uncovered this financial fantasy....One very simple point is that the strategy would have required more volume than the OEX actually offered.....and how skewed the monthly performance was versus its peers.... Clinton Housing Event.... The $500,000 tax exemption was an important part of the reason for the "over-pricing" of housing...... Conflicts GS employees integrated with government offices creates obvious conflicts of interest with regards to governance.... Rating Agencies Which are still in business....being paid to create AAA ratings.... Ratings need to be objective..... .................................................................................. The above is just a very small sample.... However one must wonder how the conflicts between politics, government, and industry could ever allow for a smooth running and efficient overall system.... Perhaps it is now obvious that it is time for an overhaul? Unfortunately ....after the unwanted events have occurred ? One should be more foreseeing.....