ALBUQUERQUE, N.M. — In the 2007 movie “Juno,” the lead character, a 16-year-old pregnant girl, is nudged to go home by the woman who will adopt her baby: “Your parents are probably wondering where you are.”
To which Juno replies, “Nah. I’m already pregnant so what other kind of shenanigans can I get into?”
Juno’s reply is akin to the old saying about closing the barn door after the horse has bolted. But the dialogue shows the distinction between the adult and teenage world, as the adult understands that any parent would still care where their daughter was.
I start with this story to show my support for financial regulation, even in a floundering economy, to guard, as best we can, against another debacle of crazed speculation by an all-too-pregnant financial industry playing a game of “heads we win, tails you lose.” The horse did bolt, but we still need to close the barn door.