The Myth of Financial Reregulation
Publication Date: June 2010
Publisher: National Center for Policy Analysis (U.S.)
Author(s): Arnold Kling
Research Area: Government
Keywords: financial; Reregulation
Type: Brief
Coverage: United States
Abstract:
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?
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