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Unions were regulated, finance was deregulated.
The worst subprime loans were made not by banks but by barely regulated finance companies such as New Century.
But the most important institutions are China's 67 trust companies, lightly regulated finance firms that make loans and other investments but cannot collect deposits.
And this is just one example—Warburg owns many companies in the heavily regulated finance space, and I'm sure Geithner can add value to many of them.
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4. Thou shall not regulate finance: To be part of Goldman Sachs is to believe that financial regulation is superfluous.
The state has much to do, from improving education and welfare to re-regulating finance.
It controls much of the banking sector and has a broad remit to re-regulate finance.
The three governments have long disagreed over how to regulate finance.
Huge strides have been made in trying to re-regulate finance.
Attempts to regulate finance to make it safe often lead to dangerous distortions as clever financiers work around the rules.
Indeed, when the EU has attempted to regulate finance, it was the UK government leading the charge to protect the interests of the City of London.
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CEO of Professional Science Editing for Scientists @ prosciediting.com