Re: Boo hoo
i have to agree here. Although I am not a fan of excess or useless regulations, the public is not longer willing to allow financial firms to self regulate. For years, Wall Street argued that the market would take care of itself and regulations were useless and costly.
As it turned out, self regulation didn't really work out. Now we have gone (probably) to the other extreme. Unfortunately, this is a pill (complex and costly regs) that firms are going to have to swallow for a while.