I’m not in favor of doing rash things, but we should start this discussion right away, while the effects are felt. Americans have a short term memory problem, in a year we won’t remember how much these few weeks hurt, even if we do look at our 401’s and groan.

In the late 80’s and early 90’s the Glass Stegal Act was repealed, this was the set of rules set up after the Crash of 1929. Rather than replace outdated regulations with more sensible ones for the time, they were fundamentally removed.

Too much regulation does have a dampening effect on business, but not enough creates an environment where businesses will pursue the bottom line at all costs. A balance of regulation of business and encouragement of business is the best for all. We need growth, but we also need security. We need opportunity but we also need fairness.