D4, three and a half trading days, capital: 10 000 USD and thinking of post of day before yesterday

Todays SEC statement on the alleged abuse of Goldman's position as market maker in the CDO / CDS market makes me think that a structured finance / derivatives clearinghouse would be a good thing. It would not solve the problem of collusion entirely, but would make it more difficult. The entire situation makes me think of the spitting in the wind during the good old dot com days. Same situation basically: I am selling to an institutional investor something I know will blow up in his hands, just to make more money on the other side of the trade (on the ask side). Now I'm thinking of it, a clearinghouse wouldn't solve this, as large transactions would still go through. Goldman takes it very far by omitting things in the prospectus. The underlying ethics are just as bad as back in the dot bomb age: the players know they are ruining poor pensioners and other endowments, but they just don't care...