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The alleged causes of actions include breach of fiduciary duty, unjust enrichment, unfair competition, excessive executive compensation and self-dealing transactions.
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My point is that the free market does a pretty good job of creating competition (like I said earlier barring excessive federal regulations which are sometimes necessary) thus driving costs down.
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If there were a handful of lotteries in fierce competition, none would be able to make excessive profits.
ECONOMIST: Clottery
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"He believes in small government, limited government and the competition that arises from free markets that are unencumbered by excessive government regulation, " Mr. Hart said.
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This reform will curb excessive risk-taking, reduce leverage, reform compensation, protect consumers, bring transparency and more competition to derivatives markets, address the problem of firms that are too big to fail, and make sure taxpayers do not bear the costs when firms do fail.
WSJ: Lawrence Summers and Timothy Geither: Our Agenda for the G-20