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Deregulation solves everything. Deregulation is magic. Deregulation is your father

Posted on Thu, 07/17/2008 - 6:02pm by Markus Kolic

Nathan Newman's little article about the failure of deregulation and the current financial crisis made me have an equally little thought -- remember after one of the more recent Wall Street shocks, I think it was the Bear Stearns collapse, when McCain went on TV and gave a big speech where he said the answer to our problems was more transparency and a simpler tax code?

My thought: Boy, that was stupid.