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[ThatHawaiiGuy]

Daily Bell: What do you think of the new financial regulatory regime being contemplated in the US? Are you a fan of the increased invasiveness?

Rick Rule: It's very difficult to answer that question in words that are suited for a family publication such as yours. It is the regulators that got us into the situation that we are involved in. You know if you and I had a business, let's say a pension business that was run with the accounting standards of, for instance, social security, we would have committed a felony; we would have been in jail. The idea that the political leadership of the United States is in any condition to regulate anything would be comical except that it is so dangerous. An example would be Enron, a fraud that was for all practical purposes abetted by the Securities and Exchange Commission.

http://thedailybell.com/1184/Rick-Rule-on-Bail-Outs-Business-Cycles-and-10-More-Years-of-a-Golden-Bull.html