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The second reason was flawed regulation.
The financial crisis, which began with overvalued homes and sloppily underwritten mortgages, was the product of numerous forces and failures in which Mr Bush was not a major contributor; they included low interest rates, bankers' reckless risk-taking, flawed regulation and consumers' bubble mentality, all of which spanned borders.Yet Mr Bush's presidency was also poisoned by his own ambition.
They can do much of the heavy lifting and help avoid onerous or flawed regulation.
Much though people now blame deregulation, flawed regulation was more of a problem.
The I.R.S. should be rooting for the lawsuit's success because it would relieve the agency of playing the unfortunate and increasingly incompetent arbitrator of its own flawed regulation.
A New York-based online non-profit news organisation that covers energy, InsideClimate News, won the Pulitzer in national reporting for stories on flawed regulation of the nation's oil pipelines.
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However competent the regulators, people are flawed and regulation will sometimes fail.
The difference, which Scalia labors to deny ("Certainly the books we give to children … contain no shortage of gore"), is sufficient, Alito thinks, to justify the state's interest in regulation, even though he finds the present attempt at regulation flawed.
By forcing horse racing out of its existing (albeit flawed) framework of regulation, illicit races would be wildly unpoliced in terms of horse health, jockey safety, brazen drugging and wagering integrity.
As flawed as the Chicago regulation is, the lawsuit challenging it is entirely over the top.
The proposed regulation is flawed because it includes certain businesses and leaves out others, notably convenience stores.
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