The Myth of Financial Reregulation
Publication Date: June 2010
Publisher(s): National Center for Policy Analysis (U.S.)
Author(s): Arnold Kling
Keywords: financial; Reregulation
Coverage: United States
The regulatory reform bill currently before Congress will supposedly impose financial reregulation, reversing the alleged deregulation of the past 30 years. What deregulation? Can anyone point to the removal of a particular legal or regulatory barrier in the last two decades as a cause of the recent financial crisis? If so, will the new legislation restore this barrier?