Reagan deregulated Wall Street
Paul Graham is Still Asking to be Eaten
Holly Wood, PhD 🌹

Actually the key piece of Wall Street deregulation happened in 1975, called the May Day deregulation, and was initiated by the SEC. The other piece of key deregulation was the dismantling of Glass-Steagall during Clinton’s presidency. Both of these hastened the move towards securitization of more esoteric instruments.

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