Putting more regulators at work can be like loading more people in a sinking boat. It will just sink faster unless some of the new people can identify and fix the leaks. From the time we signed the Banking Act in the New Deal, until we repealed it in the Clinton term, we never had a major banking failure in the US. (S&L had been deregulated under Reagan and they tanked within a couple of years) Is there any evidence at all that from 1934 to 1999 the American economy had been throttled by the banking regulations?
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