news blurb...deregulation not the problem

From WSJ:
“Mr. Obama's "deregulation" trope may be good politics, but it's bad history and is dangerous if he really believes it.”

And

“A running cliché of the political left and the press corps these days is that our current financial problems all flow from Congress's 1999 decision to repeal the Glass-Steagall Act of 1933 that separated commercial and investment banking. Barack Obama has been selling this line every day. Bill Clinton signed that "deregulation" bill into law, and he knows better.”