Deregulation, desupervision, and de facto decriminalization (the three "des") created the criminogenic environment that drove the modern U.S. financial crises. The three "des" were essential to create the epidemics of accounting control fraud that hyper-inflated the bubble that triggered the Great Recession. "Job killing" is a combination of two factors -- increased job losses and decreased job creation. I'll focus solely on private sector jobs -- but the recession has also been devastating in terms of the loss of state and local governmental jobs.
Anti-Regulators are the job-killers
Wednesday, January 19, 2011
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