Opinion

Opinion: Madoff Implosion Is No 'Tragedy'

Stock quotes in this article:DGP, SLV, TBT 

This change needs to come from the top. It is particularly important that the new Obama administration avoid scandal and get serious about financial regulation and enforcement of securities laws against frauds and crooks. This is essential to restore confidence of investors both domestically and overseas.

America has been given a lot of rope in the form of cheap and easy money for too long, and we have used it to hang ourselves financially and morally.

We need to start getting our house in order, get back to basics and change the direction of this country if we're going to sustain the great legacy that we've built during the past 300 years.

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Christopher Grey is a Managing Partner of Third Wave Partners. He currently has positions in TBT, DGP, and SLV as mentioned in this article. This article should not be interpreted as personal investment advice or a recommendation to buy or sell any security. Interested readers may contact the writer by e-mailing cg@thirdwavepartners.net or visiting the company's website, www.thirdwavepartners.net .

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