You and your guests nailed it on the head in today’s BloombergRewind—Things aren’t working in the regulatory slippery slope (re: calibration of scrutiny). Does the regulator get more involved in micromanaging and if necessary, underwriting, or less involved (a la Reaganomics & Milton Friedman). The United States already made a decision in “Too Big to Fail”. Too big to fail is probably not a Sarah Palin “Rode to Nowhere” but a sober, scientific and sensible decision to lean toward more regulation. If the intent is to follow through on “too big to fail” one would include early intervention of faltering companies on public exchanges as a consequence.

Regulators, Trustees, Receivers and Liquidators, including leveraged buy-out attorneys must get involved sooner than previously in the management of property and entities that are tied to public markets. I bought Enron for the first time within two months of its collapse and MF Global at the end of the week before it went under over that fateful weekend Rewind covered briefly. Freeh is no longer named on the paperwork.