Posted by Godefroi on October 17, 2008
Hey Barry – wanted to let you in on a little secret:
In each of the first two presidential debates, Barack Obama claimed that “Republican deregulation” is responsible for the financial crisis. Most viewers probably accepted this idea, especially because Republicans generally do favor deregulation.
But one essential fact was missing from the senator’s narrative: While there has been significant deregulation in the U.S. economy during the last 30 years, none of it has occurred in the financial sector…
Just thought I’d let you know.
You can find out more at the WSJ.
Nod: No Quarter