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


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?