Whether or not Milken had broken the rules of securities trading was far less important than how he had broken the patterns of capital formation.
That's the first rule of security.
He recognises that September 11th 2001 changed the rules of national security.
What better place than a retirement mecca to master the rules of Social Security?
It was the bombing of Pan Am Flight 103 over Lockerbie, Scotland, in the winter of 1988 that jolted the British government into rewriting its rules of airport security.
Yet no passenger was searched, and whereas travellers on Turkmenistan roads were subject to roadblocks and the arbitrary search-and-seizure rules of the security forces, train travellers, it seemed, were beneath notice.
They also requested that the Pentagon adopt written guidelines, with supporting legal justification, for the rules of engagement security contractors should follow, as well as instructions on coordinating with the military and the future sovereign Iraqi government.
And what about changing the rules of social security so that those who have paid in a fortune in national insurance – like workers in their 50s – get retraining, when new technology consigns their old careers to history?
Unfortunately, when it comes to today's military personnel no longer bothering to wear the uniform for strictly official purposes, in the process reaping personal benefits while breaking the long-held rules of operational security, his message has fallen on deaf ears.
In its first year of its existence, the S.E.C. organized itself, established its branch offices, created rules for the regulation of securities exchanges and required the registration of securities traded on those exchanges.
