Monday, January 09, 2006

Regulatory Milk

Prof: The securities laws assume that investors 1) need the government's help, and 2) that investors actually use the help when they're given it. Who here has received a prospectus in the mail?

Student: I did

Prof: What did you do with it?

Student: I threw it away.

Prof: But you pleaded for help, you went to the teat of mama government saying "feed me feed me" but you threw away the milk, and why?

No comments: