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Trivia Tidbit of the Day: Part 546 -- What Deregulation?

The Myth Of Massive Deregulation Just Plain False-

There's this weird narrative out there that argues that we got into this economic mess due to negligent, wild west deregulation throughout the Bush administration. In fact, we got a lot more regulation over that period (much of it from unaccountable bureaucrats, but still):

For the most part, deregulation-- especially in the private sector-- was not the problem. Fannie and Freddie, being government-chartered entities run almost exclusively by former Clinton administration officials, should have been more regulated all along. Or they could have just let market forces (and true market risks could have been factored into the decision-making process) work all along. Imagine that.

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Posted by Will Franklin · 4 March 2009 05:49 PM

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