Enron and the Gramms:

” How long will it take? How many decades and how many scandals have to come and go before we catch on? We’re human. We’re self-interested. And when left to our own devices, some of us will do the wrong thing.

Some perspective is needed. Unchecked deregulation is an express route to chaos and tragedy. Where the public interest is involved, a certain amount of oversight — effective oversight — is essential.”

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