(no subject)

[randomness]

The financial crash of 2008 and its ensuing bank bailout is one of the most outstanding examples of regulatory capture in history.

Comments

[blipvert.livejournal.com]

That's interesting. I must confess that I've tended to view the phenomenon of regulatory capture as the legacy of Reagan-era deregulation. But as you point out, the way Reagan administration handled the S&L bailout stands in the starkest possible contrast to what is going on today.