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Why 'deregulation' doesn't really exist or help protect consumers


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Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the Pitchfork Economics podcast with Nick Hanauer and David Goldstein.
In this week s episode of Pitchfork Economics, Hanauer and guest cohost Jessyn Farrell spoke with Anat Admati, a finance professor at Stanford s Graduate School of Business, on how banking is regulated in the US.
Admati says it s natural for elected leaders to create more safety nets to make banking safe for American consumers.
The concept of government deregulation won t result in less regulations, Admati explains, but instead will allow banks to create their own regulations that can be prone to negligence and fraud. ....

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