Going backward by reducing regulation of the financial industry will not help citizens.
The calls for deregulation come from greedy businessmen who put their interest and personal profit ahead of what’s best for the citizens of our country.
On top of that they are too lazy to seek business solutions which drive profit while keeping the financial system safe. There are ways to have both, but it takes more effort.
The real issue is do we have meritocracy or a kleptocracy?
Yellen Warns Against Erasing Regulations Made After Financial Crisis https://nyti.ms/2w45pxm