http://www.ft.com/cms/s/0/0709a7c6-9f02-11de-8013-00144feabdc0.html?nclick_check=1 New York has earned its current lack of trust....and although this firm BlackRock has its rights....it does not have the right to turn a public product into a private product.... What the market needs is a de-fragmented direct access utility type exchange....where securities prices of all asset classes are discovered....first come first served...at utility type "negligible" same rates.... ie BATS model.... The information about the securities should be in Wiki format....and may the best management win.... Private is private....and public is public.... Furthermore there should be no taxes of any kind on any security in the name of efficient capital.... To be sure the govt. will only act after the fact....