Unemployment rose, the economy struggled and the U.S. government began imposing regulations on banks.
Some commissioners suggested that they were uncomfortable imposing regulations on a marketplace that is developing so rapidly and unpredictably.
He has said he is open to imposing regulations on hedge funds, which currently operate with limited government oversight.
Even in Republican administrations, Mr. Reilly said, the job historically involved imposing regulations on polluting industries, which can create powerful enemies.
"Before imposing regulations on a multitrillion-dollar industry," Mr. Shepherd said, "we would like to see more empirical data than four cases and one report".
Nevertheless, a warning about consequences of imposing regulations on GM crops and not others was provided by Professor Cathie Martin of the John Innes Centre in Norwich.
It seeks to prescribe a balanced-budget amendment, to require a three-fifths supermajority for tax increases, and to prohibit the government from imposing regulations on the states except when it assumes 100percentt of the costs.
In New York, Gov. David A. Paterson signed legislation in November imposing regulations on life settlements; until then, only viatical settlements, involving sellers certified as unlikely to live for more than two years, were regulated.
For example, most EU governments would think twice about imposing regulations on the City of London over ferocious British opposition, knowing that it might be their turn to defend precious national interests next time.
For example, in November 2006, Dutch voters opted for parties favoring restrictions on Muslim immigration and imposing regulations on the behavior of Muslims living in the Netherlands.
