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The Myth of Financial Reregulation

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Publication Date: June 2010

Publisher(s): National Center for Policy Analysis (U.S.)

Author(s): Arnold Kling

Topic: Government (Public policy)

Keywords: financial; Reregulation

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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