Bailout Prevention: Derivative Disclosure

Here's my idea to prevent a recurrence of the present debacle:

Broaden the definition of a 'security' to include all financial instruments sold in any market and require that each be subject to full disclosure laws just like stocks and bonds.

Apparently, the salesmen selling the junk could not even understand it - no wonder we have a disaster.

If you use the idea, the price is $1.00

For more, read Pat Buchanan here: http://www.humanevents.com/article.php?id=28670