Marvin Clark

Deregulation Is Good, But Regulatory Oversight Is Necessary

This is a valid theoretical exercise, delineating regulation from supervision, however, in the real world, you are advocating man conquering his own human frailties, in the world of finance, money and power; good luck with that endeavor. As an optimistic pragmatist, I believe human creativity can overcome all prudent regulation and supervision. Man and his wealth evolved quite nicely from the beginning to the end of Glass-Steagall.