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Preventing the next crisis

Tweet [1]

Arnold argues [2] that while it’s always a good idea to have better regulation, you want the cure to match the disease. My favorite point in his analysis of the financial reform that’s on the table

—if the problem was that we deregulated too much over the past 20 years, then why doesn’t the bill simply reset regulations to what they were 20 years ago? or 30 years ago?

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