Regulators Should Take Stern Measures
The current global financial pandemonium amply demonstrates how playful the market players are with the fortunes of several. Hedging instuments are good to manage the risks in business, but when they're used for speculation they lead to chaos.
We have not learnt lessons from the problems of the past. The worst part is private market players are forgetting that they are pulling the economies in tandem, more importantly the globally integrated economies causing flutter.
Perhaps it is time that the respective regulators focus on using stern measures to bring a NEW FINANCIAL ARCHITECTURE. I complement the author, asking every one to connect to the creator to seek the right kind of direction for long term benefit to society at large.