Say

TOPICS
DOW > 10,000: The Market Works?
Two people won the Nobel prize for economics this week.
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2009/10/13/MNSL1A4ILE.DTL
"The Nobel selection committee noted the winners broke ground in an area outside traditional economic theories like the free market system."
Ostrom: "Until her work, the thinking was, 'Let the state intervene. If you leave it to individuals to do whatever they want, resources will be depleted...'"
Williamson: "Instead of focusing on the traditional market forces of supply and demand, Williamson looked at the internal workings, culture and structure of companies to better understand how and why business decisions are made."
What corporate regulations do we need and when will they be implemented?

LINKS
SROs: Self-Regulatory Organizations
http://en.wikipedia.org/wiki/Self-regulatory_organization
"Because of the prominence of the SROs in the securities industry, the term SRO is often used too narrowly to describe an organization authorized by statute or government agency to exercise control over a certain aspect of the industry. The National Association of Realtors (NAR) is an example of an SRO that fills the vacuum left by the absence of government oversight or regulation. The NAR sets the rules for Multiple Listing Services and how brokers use them. Another example is the American Medical Association which sets rules for ethics, conflicts, disciplinary action, and accreditation in medicine."
The Analogy!
"This 'story' is something I would like to explore one of these times during a Skype conference. As you might guess this was forwarded to me by one of those infamous classmates. It raises questions in my mind, including ones unintended by the creator of the story.” - K (See the email.)
"Only the Super-Rich Can Save Us" - Ralph Nader
http://www.truthout.org/1014091