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-- Regulation fails or is defanged with rules softened or changed (through)
(a) Deregulation
(b) No regulation
(c) Desupervision
(d) Lobbying by Companies to undercut regulators which is justified on ideological grounds as support for free markets (and)
(e) Capture - What regulators there are (are) drawn from the industry and share its outlook."
The result has been the greatest ever transfer of wealth from the many to an elite few that continues without missing a beat, and why not. No one stops them. In fact, the current environment under Democrats or Republicans lets them flourish.
Whenever a systemic collapse occurs, old scams continue and new ones emerge, always aimed at fleecing as much as possible from the unwary.
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