Something I noticed while waiting for UPS...

The article in the link is great. I love it. Here's the article again since I like it so much:
http://skepticblog.org/2008/12/09/regulation-schmegulation/

It's a good read for anyone, especially those that believe market deregulation caused the current financial collapse.

Some points of interest:
The people posting comments want to compare quantity with quality, but it seems they didn't read the part about the Community Reinvestment Act (aka CRA). (The part where Fannie Mae and Freddie Mac took on bad mortgages)
Long story short, the CRA was created to stop banks from redlining certain neighborhoods, most of which contained large proportions of minorities. If the banks kept redlining, they would be penalized. Over time, the CRA accumulated more and more crap, as many laws do, and it forced the banks to give mortgages to people that could not afford them. If the banks refused, they would be penalized. Fannie Mae and Freddie Mac were buying up mortgages anyway, so how could a bank refuse?

The above is an example of regulation. It is not deregulation.

In fact, I would challenge anyone to find a situation where deregulation (again, not like the above regulation) hurt the market.

StumbleUpon has been absolutely full of blogs that call for the cessation of the "deregulation trend." I thought I would add another against that unfounded belief.