Great idea!

You got the first step of entrepreneurship down... weaving together new ideas and possibilities...

Go ahead take the second step... the markets need it... they definitely need it...

Thanks for reporting on the conference. Sounds very good.

Hi Paul...

I wanted to tell you and your readers about a new open source community that I have joined...

http://freerisk.org/

I specifally wanted to invite to to become a contributor on our new financial markets regulation wiki...

http://freerisk.org/wiki/index.php/Main_Page

Your knowledge and experience could be very useful for the project. We are building it as a resource for market participants, financial technology experts, regulators, legislators, academics and the media.

I visited with a number of Congressional staff people last week and there is a tremendous appetite for this kind of neutral information resource.

We look forward to your contributions.

Good job Paul... the nation is the sum of the people's efforts... this is a beautiful essay on raising that up... thanks!

Nice post Paul... here is an example of what you are suggesting... from Bloomberg,,,

Harvard Scientists’ Discovery Opens Door to Synthetic Life
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By John Lauerman

March 7 (Bloomberg) -- Harvard University scientists are a step closer to creating synthetic forms of life, part of a drive to design man-made organisms that may one day be used to help produce new fuels and create biotechnology drugs.

Researchers led by George Church, whose findings helped spur the U.S. human genome project in the 1980s, have copied the part of a living cell that makes proteins, the building blocks of life. The finding overcomes a major roadblock in making synthetic self-replicating organisms, Church said today in a lecture at Harvard in Cambridge, Massachusetts.

The technology can be used to program cells to make virtually any protein, even some that don’t exist in nature, the scientists said. That may allow production of helpful new drugs, chemicals and organisms, including living bacteria. It also opens the door to ethical concerns about creation of processes that may be uncontrollable by life’s natural defenses.

“It’s the key component to making synthetic life,” Church said yesterday in a telephone call with reporters. “We haven’t made synthetic life and it’s not our primary goal, but this is a huge milestone in that direction.”

The work may be immediately helpful to companies such as Synthetic Genomics Inc., headed by J. Craig Venter, trying to make new organisms that perform specific tasks, such as converting buried coal into methane gas that’s easier to extract from the ground.