Prof G Markets · Tuesday, August 4, 2026
Michael Green suggests that regulators have abandoned their roles, leading to "half-baked spaghetti" financial products that attract investors. He dismisses conspiracy theories, stating that incompetence is often the reason for market failures, creating a gambling environment rather than thoughtful investment vehicles.
“That's simply untrue. I would just emphasize for the young audience, never substitute conspiracy when incompetence will suffice.”
“We have regulators who have largely abandoned their role. And as a result, we are left with a series of products that have been created that I would describe as half-baked spaghetti being thrown at the wall in an attempt to see what sticks and attracts investors, as compared to thoughtful investment vehicles.”