Monday, September 05, 2011

De-regulation, Simplified


Reality of de-regulation outside Tea Party distortion field:

1) De-reg banks = Wall Street meltdown, Great Recession
2) De-reg energy = Enron debacle, gutting 401Ks, Calif. cheated of $20 Billion
3) De-reg environment = Exxon Valdez, BP oil spills
4) De-reg mortgages = Liar's Loan / securitization fiasco.

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