Sorry Henry Blodget, But The Rich DO Create Nearly Every Job

About all the wholly ineffective regulation that followed the 1980s S&L debacle, it was once written that it amounted to an “Act of anger.” Politicians and regulators are always and everywhere fighting yesterday’s maladies, and as evidenced by the troubles in the still heavily regulated banking sector in 2008, the alleged “fixes” in the ‘90s were nothing of the sort.