I don’t understand this at all… I have got to thank my sister, the original negative Nancy, for pointing out the contrast, and of course, my nephew and writer, Cliff Mason, for pointing out on his “Millennia Money” blog, must read, on CNBC.com… we heavily regulate the casinos… where you know you are going to lose a lot money anyway, because the house almost always wins… except when I play, because I am real good at Black Jack… we know that the casinos are picking your pocket… you know when you go in there… but on Wall Street where you should be able to make money… where we are supposed to catch alleged thieves like Stanford and Madoff… the regulators barely have any teeth… certainly not as tough as they can be in Nevada.

The SEC has something like 3700 employees right now… Obama only asked for a 13% increase at the SEC… right direction… remember, I am with Obama, we are all Obamans on this one… but that is barely even a real start… how about a 3000% increase in head count… I am not kidding… that would give us the added advantage of putting lots of jobless white collar workers to work… they can’t all make bridges I am telling you… the Brooks brothers crowd is not going to be in there with the jack-hammers… also this would give a financial system that hopefully won’t blow up quite so spectacularly in the future… we need more guys who have traded too with the SEC… and they know where the bodies are buried… as well as more lawyers to make cases… it should not be harder to get a darn gaming license than it is to register as a investment advisor… that is ridiculous.

Does this mean that as a culture we really take gambling more seriously than investing… is it more important to us that the casinos which always win anyway, don’t cheat us that extra little bit, than to prevent any cheating at all on Wall Street… what is the justification here… do we think that the casinos are more likely to cheat their patrons then Wall Street… how could we believe that now… is it because people expect to lose their money, but expect to make money in stocks… not lately… maybe because it is more fun to gamble while playing Black Jack, or Poker but I don’t think so… probably because there is alcohol involved when you gamble… this market is causing plenty of people to drink a lot of scotch on the dirty linoleum floor… if you as me, there is no rational than for regulating the casinos more heavily than we do Wall Street… other than, it is easier to do… and that is not much of one.

Look at the total lazy-fare lack of regulation on Wall Street has brought us… at this point I think most people feel that putting their money in the market is less legitimate and fair than your average game of roulette… not to say Russian-roulette… that is what investing feels like lately.

Here is the bottom line…