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So why, then, do we have faith that overly complex regulations will prevent the next crisis?
The combination of high taxes, overly complex regulations, and lack of capital created a marketplace that disincentivizes former black-market operations from going legal.
But without similar action in the U.S. Senate, the federal government will impose the DOL's overly complex regulations, and average citizens will likely end up with fewer investment options.
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The introduction of mobile phones was initially hampered by overly complex regulation.
And while it is of course true to say that these changes will help big business, it is also true to say that big business often has a vested interest in overly complex regulation.
It would cut down on administrative delays that sometimes cause people to lose apartments for which they have applied; revise overly complex rent regulations that eat up precious dollars in record-keeping; and revise outdated income guidelines so that the rural, working poor would have a better chance of gaining access to decent housing.
NEW YORK -- If elected president, Mitt Romney would reform Fannie Mae and Freddie Mac, sell 200,000 vacant foreclosed homes owned by the government and promote "sensible, not overly complex" financial regulation that gets credit flowing again.
In addition to issues regarding abuse of "linked" holdings, the review concluded that the current regulations are overly complex and should therefore be simplified.
For example, we now understand better the dangers that lurk in high leverage, overly complex financial instruments, and lax (or nonexistent) regulation.
Even the most ardent supporters of registered apprenticeship see the state and federal set of regulations that currently come along with quality control as overly complex and thus discouraging to some employers who would engage.
The legislation is overly complex and uneven, resulting in weak to nonexistent supervision of certain activities and excessive regulation of others.
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