Mary: Actually, I’m not advocating greater deregulation…. nor am I simply in favor of more and more regulation. It’s as silly to deregulate the financial industry or businesses in general as it would be to deregulate driving…. i.e. then people could drive on either side of the road, remove or simply ignore all traffic signals, drive vehicles of any size or weight, etc. There would be chaos and the transportation system would support only a few people…. those with tanks. The default condition of any completely deregulated “system” (actually a system implies some form of cohesive regulation) is a condition that supports very few people. A deregulated world would support only a tiny population of human beings; an their lives would be miserable.

Thanks for your comment.

Ed Lee