Deregulation, for deregulation's sake alone is never a good thing. Regulations are created to remedy a crisis, removing regulations invites a return to crisis.
The deregulation of the banking industry with the repeal of the Democratic Glass(D)–Steagall(D) Banking Act (1932) thru the Republican Gramm(R)–Leach(R)–Bliley(R) Banking Act (1999) was clearly OVER SOLD! The repeal of Glass(D)–Steagall(D) Banking Act (1932) in less than 10 years formed the basis for the Financial crisis of 2007–2008.
Trump, admittedly is a FRAUD that likes to use big stacks of paper as evidence that he is or has been transparently doing big things. He does not know what he is doing. Abe Lincoln reportedly said it first - "You can fool all the people some of the time and some of people all of time, BUT YOU CAN'T FOOL ALL THE PEOPLE ALL THE TIME."
January 25, 2018 10:46 AM ET
NBC News - POLITICS NEWS - May 3, 2019, 8:06 AM CDT - By
Associated Press
The new safety changes were sought by the industry but
fiercely challenged by environmentalists.
"Agere sequitur esse" ('action follows being')
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