I don't know when I first learned about Chinese water torture, but I must have been eight or nine. I don't remember what brought it up, I just remember it. What brought this to my mind was a rare hour or two I afforded myself as my family cooked a special Father's Day brunch for me. For the first time in too long a time (last Father's Day?), I plopped myself on the couch and watched an episode of one of my favorite TV shows "The Adventures of Brisco County, Jr." In it, an evil Chinese gang gave one of the regular players the old Chinese water torture.

If you don't know, Chinese water torture involves water continuously dripped on the forehead of a restrained person. It's supposed to make one go mad.

When fi360's Blaine Aikin told me competitive forces were driving us to a universal fiduciary standard – with or without regulators' consent (see "Exclusive Interview with fi360's Blaine Aikin: Competitive Forces Favor Fiduciary Standard," FiduciaryNews.com, June 20, 2013) – I was reminded of ol' Pete (sans pistol) sitting in that abandoned mineshaft watching the water drip, drip, drip on his head.

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