Lord Myners calls for inquiry on 'black box' trading

[Freamon]

Sadly too few, this is because there is no explicit jail threat in the event of such massive failure - being incompetent or making MASSIVE failures in very important positions is not illegal.

What about lying on legal documents about the assets contained within a product you're selling? Or creating fake documentation in an attempt to repossess a house that you have no right to? There's numerous examples of outright fraud, not just "making mistakes":

Why are the big banks getting off scot-free? - Glenn Greenwald - Salon.com

[AtW]

What about lying on legal documents about the assets contained within a product you're selling? Or creating fake documentation in an attempt to repossess a house that you have no right to? There's numerous examples of outright fraud, not just "making mistakes":

Why are the big banks getting off scot-free? - Glenn Greenwald - Salon.com

Appropriate action should be taken about those - there is already legislation to deal with it.

[ChimpMaster]

There is too much money behind and within HFC, so no one will be able to get rid of it any time soon.

[lukemg]

Since I am looking for relatively long term investments and not looking to sell immediately, I have no problem with the market over-shooting on the downside occasionally. That gives me an opportunity to pick up some stuff at good valuations and patience will do the rest. Short term - voting machine, long term - weighing machine.