Deregulation? Bad News for Investors

" Beginning in the 1990’s, various administrations have taken steps to diminish the rules and regulations that protected investors. These initiatives ranged from dismembering the Glass Steagall Act, to changing the law to protect corporations from legal action by shareholders, to declawing the SEC by withholding funding and selecting pro-business leadership. The consequence of these calculated efforts has been a rampant increase in fraud and in relentless risk-taking at the expense of shareholder value and corporate stability."