More of Obama's slippery slope.

[IJ]

There's a very interesting article that was in Harvard Magazine about the financial crisis, and it looks at banking failures with regard to time and regulatory oversight. We used to have them regularly up till the great depression, then with regulations, they ceased, so long that no one had adult memory of them. The decades of problem free economic process served as evidence regulation was no longer needed. After the deregulations in the 80s, and the failure to develop new regulations for new economic processes such as derivatives, we promptly got the S+L crisis followed by this one. I'll see if I can find a link.