Deregulation? Of What?

I like you blog name
I just wanted to know what state you reside in.
My blog name is reaganite of California.
I would like to see California tap it's off shore oil and responsibly contribute a fair share of "real" energy to the growing energy needs fo the United States and the World.
No venture taken, no venture gained.

Thanks for the compliment. I'm in Houston, TX.

I agree that we should be drilling everywhere we know there's oil, so long as it can be done safely. I work in the petrochemical industry myself, and I'm afraid gasoline prices are about to go up again badly (especially if cap and trade passes). We need all the oil & gas we can get!

The complaint about the Bush administration is not that they didn't PASS new regulations, it's that they didn't enforce the regulations on the books. Also, several key pieces of deregulation occurred under Clinton, but with a Republican Congress: knocking down the wall between retail and investment banks, and failing to rein in derivatives after prescient warnings.

The central parts of the financial meltdown were not in spite of government policy or regulation, but because of it. The derivatives themselves wouldn't have been a problem without the implicit government guarantee of the loans and the government policies that led to expansion of subprime mortgages.