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Its pretty simple to me.
The deregulation of S&Ls through the Depository Institutions Deregulation and Monetary Control Act cost the taxpayers more than $150 billion in the 80s
The more recent deregulation of banking, insurance and financial services institutions through the Financial Services Modernization Act will cost the taxpayers more than $500 billion.
-----Added 19/9/2008 at 09 : 20 : 56-----
Its too late to look back now...but it is time to re-regulate NOT deregulate.
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"The perfect is the enemy of the good."
~ Voltaire
Last edited by dc_dux; 09-19-2008 at 05:20 PM..
Reason: Automerged Doublepost
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