Heh. Actually, they used to be. The deregulation of them was begun during the Clinton administration, and it was no trivial beginning. Bush II and company, of course, pretty much turned them loose. Obama and company did a little cosmetic touch up and called it "regulation," but it was a complete farce, as witness the recent bailout of Knight.
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Heh. Actually, they used to be. The deregulation of them was begun during the Clinton administration, and it was no trivial beginning. Bush II and company, of course, pretty much turned them loose. Obama and company did a little cosmetic touch up and called it "regulation," but it was a complete farce, as witness the recent bailout of Knight.
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