Do your homework and let me make some money !!!!

http://www.bloomberg.com/apps/news?pid=20601103&sid=aS8tTww_3IDE

Since the beginning of this year , everybody is blaming their lost on the lack of regulations. There are new rules on every table of the finance committee waiting to be pass , Mr Paul Volcker is back. Pdt.Obama is talking to bankers and it is not related to monetary policy , Institution are being created or planning to be created to regulate what was already somehow regulated.
Bernie had steal money and falsified documents because of the lack of regulation ? No! he did it because most of the regulators was too lazy to listen to the whistle blowers.
AIG went belly up because of the lack of regulations? I don't think so ! they hedged and diversified poorly. Those credits swaps and all of those derivatives were backed buy fictitious underlying assets that greedy bankers approved.
Sovereign wealth funds, Countries and Corporation , Billionaires lost most of their assets because of the lack of regulation? No!
All of those lost happened because of greed and because the BASIC HOMEWORK were not done or were just done poorly and the appetite for return was just too much.

Why we should all refuse the excessive regulation is because it is going to decrease the risk and certainly the return on our investments. The market is efficient and we are living in a capitalist economy. The weaker and less skilled financial institutions should go bankrupt. If we encounter an arbitrage opportunity the market will immediately correct and regulate itself .
Instead of trying to have 100 new rules and 100000 pages the accent should just be put on increase financial literate salary, hiring young MBA with derivatives background in an "in-house" where they can do some meticulous homework and decrease the quantity of money lost in the market which will help the economy recover.