Deregulation at FauxNews

Deregulation Circa 1999 is an article written in 1999. I cannot begin to understand all of the complexities of our economy but this article is a good one which includes information about acts passed after the failure of the stock market in 1929. H/T to FauxNews. Subsequent legislation is also mentioned. No matter which "side" we are on in the current "crisis", a bit of historical perspective can help us all understand better how we got where we are today. There was a time when we had anti-trust laws, when we had laws that kept huge mergers across financial institutions from occurring. Well, now all we have are huge monopolies - what is it now, only 5 publishing conglomerates under 5 communications corporations, just to mention one area? There is a reason monopolies are not good for our economy...they eliminate competition and they eliminate the opportunity for the true sharing of ideas across our society. A H/T to Eternity Road for: Fascism at Work, Hold onto your Wallet!. Additionally, a H/T to The Conservative Guy for: Here is how we got into this financial mess - smoking gun! from the NYT 1999 by Steven A. Holmes.