Interesting Show on Better Markets

Posted by Jeff Carter
on July 15th, 2012

Was flipping through channels and saw this show. Watch it. I don’t agree with everything, but glad that Masters is leading an uphill fight. It’s interesting that since Dodd-Frank was passed, our GDP tanked. Our markets are certainly broken. Without good markets, a building block for the American Dream is non functional. That makes the dream much more unattainable. Our banks are broken as well-even though we spent trillions to bail them out.

Watch Braking the Banks on PBS. See more from Need To Know.

I don’t think we need to fund the agencies we have better. What we need is smarter regulation that skewers the sacred cows. We need a level playing field. We need to have the heartbeat of the market closer to the end user. We need competition that’s so intense, the big guys might not always win and can fail.

We also need to have the courage to let entrenched institutions fail. No entity ought to be too big to fail. No government regulator should look the other way and allow events like the LIBOR scandal happen.

Ending payment for order flow, internalization, dark pools, and tiered distribution where only certain people can play will go a long way to restoring faith in our market system.

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