WALL STREET CRISIS IS CULMINATION OF 28 YEARS OF DEREGULATION

By Nathaniel Luce

Publication: MCCLATCHY NEWS SERVICE

Yesterday’s stock market tumble is the direct result of the deregulation of the financial system during the ‘70s, experts say. “It was another example of an asset bubble that appears periodically. An economy will disregard risk, and when people see another investor making money by investing in an asset, others will throw caution to the wind,” explained NICOLAS BOLLEN, professor in finance at Vanderbilt University’s Owen Graduate School of Management in Nashville, Tenn.
The story appear in papers nationwide, include the Seattle Times, Hartford Courant and Forth Worth Star-Telegram.