Deregulation has been the mantra since Reagan (and both sides have bought into it, don't get me wrong!)...

What everybody forgets is that each and every one of those regulations were passed as a response to a problem. They weren't grandfathered into the Constitution They came about for a reason. But leave them long enough in place that many forget WHY they were passed in the first place, and they start to look like an impediment to business, not the necessary check that they actually were.

Now remove those checks and bounds, slip loose the dogs of capitalism, and all of a sudden, we start to act SURPRISED when the same problems recur as a result of the same reason.

The United States of Amnesia...