My dear American Fellows:
It is the time we need you to think through the Dodd-Frank Act Again. The issue here still focus on what other financial institutions can do or can not compared to the U.S. financial institutions. Of course, here I mean are the DB, the BNP Paribas and other giant financial institutions. If the J.P. Morgan Chase loses its free will and if the Goldman Sachs loses its free will to join the financial market with their own decision makings, DOES AMERICANS LOSE ITS EDGE on those financial transactions or financial innovations?? It is based on the FACT if those financial transaction is necessary or just make new financial wealth redistribution ONLY!! I have to remind you those words about Financial Innovation is created from those fellows of yours. Now the world is a little disturbing. The reason behind is quite obvious that those hedge funders and those financial trasaction movers can not endure the Dodd-Frank Act and think it will be the disaster for them to survive. BUT as you know already, that is the reason why we need the Dodd-Frank Act. On the one hand, we want no more secret counterparties' transactions that are not known by us in the first place anymore. We want the information to be known through the public transaction. It means that all those transactions should go through the CLEARING HOUSEs. On the other hand, we have to protect those ones with Mosaic rule on their heads because they have the EDGE is through the diligent hard working research instead of the collusion with each other. It seems that we can not have both ways right now UNLESS AMERICAN can solve the problem or come out other trasaction rules to protect both ways for those modern daily financial transactions.
We can not punish those innocent guys just because they have the edge or the ability to think through the changing of the world and adjust themselves a little bit quicker. We also can not tolerate those ones try to move the world to their BAD WISHES just because they want more MONEY!! They can not have it in a better way, so they decide to be the robbery or the thief. As you know, the capitalism always protects those ones with better ability to survive and ALWAY PROTECT THOSE ONEs CAN ADJUST THEMSELVES in the changing world. Here we have another issue that if the world can not change that fast anymore, if we do not want to change that fast anymore, can we make those guys distinguishable?? If we can, then the world will be a safer place. If we can not, then the only way points to the new act or new rules like the Dodd-Frank Act or the Volcker's rule!! So my dear American fellows, it is a coordinate world. If you want to let those guys to be DISTINGUISHABLE, then you shoud ask those financial guys in British, in France, and also in GERMANY to coordinate their rules with the Dodd-Frank Act or the Volcker's rule. MAKE THEM ALL COMPLY WITH the DODD-FRANK act NOW and maybe forever until it changes!!
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