Bush administration midnight regulations
The rush to the bottom isn’t quite over yet, as the Bush administration seems intent on passing last minute regulations to harm consumers and help big business. The range is breathtaking. It includes loosening worker safety rules, clean water standards and–here’s today’s dose of irony–easing regulations on securities.
Before the financial crash and deepening recession, it would have been easy to write this off as misguided zealots pushing through the final touches on the deregulation agenda. But after the collapse it’s just plain greed, jet-fueled by a dangerous mix of urgency and stupidity.
David Sugerman
Tags: Bush, deregulation, midnight regulations