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?