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Why was a piece of financial deregulation tacked onto a spending bill?
He then appointed former lobbyists onto "deregulation teams," meaning that in some cases the people in charge of considering regulatory changes were representatives of the industries affected by those same rules.
The Virginia senator also actively advocated for federal bank deregulation this week, signing onto a letter Monday that sought to cut back on risk management reporting for big banks, and another urging the feds to exempt small banks from regulations designed to protects consumers.
Since the early 1900s, taxi drivers have morphed from employees (prior to deregulation) to independent contractor-lessors (following deregulation) to sole proprietors (following Uber).10 With each transformation, the industry has shifted profits away from the drivers while pushing onto them a greater share of costs and liabilities.
Even the municipal power authority in Los Angeles -- considered a dowager when it held onto its plants while deregulation swirled around it -- has made an extra $200 million selling power over the last two years.
If decades of deregulation could not steer the economy onto the right path, a well-structured banking regulation by nationalization should be considered as a way to check the financial crisis and the overall bankruptcy of business and consumer confidence.
Under the Pataki administration's deregulation plan, utilities sold off their power plants but held onto the network of lines that transmit the power from one city to another and into buildings.
Talk to Reading and they boast of how, along with Nottingham, only they managed to hold onto their bus service in the monstrously misguided Thatcher deregulation.
2007: Barack Obama moves quickly onto the attack - the suggestion that McCain backed the kind of deregulation that led to the crisis.
And deregulation!
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