Are you kidding me?

Mark Lange's editorial in the Christian Science Monitor I think is suspect. He basically calls for regulation of the derivatives market as a solution to the current financial "crisis". Let's consider the facts - most derivatives of the type he considers are held by large financial instutions and work really well. The ones that we need to look at are asset securitizations which are done by everone from a retail store with accounts receivable to banks with huge mortgage portfolios. The people in charge of buying and selling them for huge financial instutions shouldn't be protected by the government. Imagine having to file additional security disclosures with the SEC prior to a company like Sears selling its credit card receivables to Bank of America. Do companies like Sears and BoA really need government protection from making "computer-generated casino wagers" that have been well-vetted and understood by the fianancial community the past 30 someodd years?