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<blockquote data-quote="jacklovesaudrey" data-source="post: 3242775" data-attributes="member: 91702">I was on the floor of the CME for a few years. Options. Fun stuff. Got upstairs before all the volume went to Globex, it&#039;s sorta sad down there now. Although I did try to talk my way onto the floor a few years ago. Turns out the membership I had, even though I had an acronym and everything didn&#039;t give me &#039;floor privileges&#039;... Great education though..Nothing like being in a crowd of 1000 screaming dudes getting yelled at all day!There&#039;s no perfect system right now, just differing degrees in different directions. It&#039;s not even a good - bad continuum, it&#039;s a continuum that goes in many directions. Sure some are much worse than others, but politics ultimately controls what the laws are, and as it&#039;s been rightly pointed out. Politicians are politicians. Which isn&#039;t really their fault, I suppose, it&#039;s structural. Their job is to get elected, not to make good law. If I could wave a magic wand I would impose strict term limits on politicians, which would immediately and significantly business and special interest in politics. They&#039;d have to re-bribe a new guy every few years and that would get expensive. Since people wouldn&#039;t be career politicians you&#039;d also probably get more people who were harder to bribe to begin with. I would force banks who are &#039;too large to fail&#039; to severely curtail their operations. Which would encourage them to spin off into smaller banks so that they could engage in the more risky things again, but that would be okay as people would have a lot of choice and no one would be a systemic risk. And, finally, I&#039;d stop my hair loss.(BTW, what kind of traders do you talk to? Are you in Chi/NY/or London?)</blockquote>

[QUOTE="jacklovesaudrey, post: 3242775, member: 91702"] I was on the floor of the CME for a few years. Options. Fun stuff. Got upstairs before all the volume went to Globex, it's sorta sad down there now. Although I did try to talk my way onto the floor a few years ago. Turns out the membership I had, even though I had an acronym and everything didn't give me 'floor privileges'... Great education though..Nothing like being in a crowd of 1000 screaming dudes getting yelled at all day! There's no perfect system right now, just differing degrees in different directions. It's not even a good - bad continuum, it's a continuum that goes in many directions. Sure some are much worse than others, but politics ultimately controls what the laws are, and as it's been rightly pointed out. Politicians are politicians. Which isn't really their fault, I suppose, it's structural. Their job is to get elected, not to make good law. If I could wave a magic wand I would impose strict term limits on politicians, which would immediately and significantly business and special interest in politics. They'd have to re-bribe a new guy every few years and that would get expensive. Since people wouldn't be career politicians you'd also probably get more people who were harder to bribe to begin with. I would force banks who are 'too large to fail' to severely curtail their operations. Which would encourage them to spin off into smaller banks so that they could engage in the more risky things again, but that would be okay as people would have a lot of choice and no one would be a systemic risk. And, finally, I'd stop my hair loss. (BTW, what kind of traders do you talk to? Are you in Chi/NY/or London?) [/QUOTE]

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