AdamT
DP Veteran
- Joined
- Jul 26, 2011
- Messages
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Before I attempt the impossible task of reviewing all current regulations to find ones that would be considered wasteful, let me better understand your position on the issue. Do you think the regulatory burden is too much and needs to be reduced or do you believe the country is too deregulated as it is and needs additional regulation?
Obama's recent regulatory review found $2 billion in wasteful, costly regulations.
It's impossible to say whether overall regulation is too much or too little without reviewing individual regulations. My *feeling* is that there are probably many wasteful regulations that could be amended or eliminated, and there are also many regulations that should be implemented. In the latter category I would say that we need regulations to eliminate too-big-to-fail banks, increase transparency in derivatives trading, improve accountability in ratings firms, and to address coal plant pollution.