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Never mind that the Tories at the time were demanding even lighter City regulation; anything that reminds voters about Labour's economic record can only hinder its efforts to regain economic credibility, Cameron aides say.
"With the intense crisis-era debate over financial services regulation, anything that happens at the SEC quickly becomes political," said Stephen J. Crimmins, a former deputy chief litigation counsel in the SEC's enforcement division who now works as a partner at K&L Gates.
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"There was tough regulation of anything online before and they shut down anything they thought disrupts social order.
If the EU's track record in enforcing its directives on financial regulation is anything to go by, a pan-European regulator would be neither.
He said: "In the UK … is the system of regulation where anything goes.
None of the policy lurches on responsibility, funding, regulation or anything else have been settled in plain view.
But if recent trends in online regulation prove anything, it is that technology is being used by both sides in this battle and that freedom is by no means certain to win.
Apropos something I'm working on, there's a very widespread belief on the right that banking crises only happen because either the Fed or Barney Frank cause them; go back to a gold standard, and there would be no need for financial regulation or anything like that.
We don't need repeal of regulation or anything like that; in many ways, we're just looking for clarification of the regulatory environment.
He kept repeating this phrase and was allowed to laugh off the very idea that regulation was anything to do with him.
But, of course without them, I suppose there would be no oversight or regulation on anything.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com