Ronald Reagan was wrong about Deregulation

Ronald Reagan was wrong about a lot of things but he was definitively wrong about deregulation.  Regulations are a cause not an effect.  They are implemented after the fact.  Nothing comes from nothing.  If mortgage brokers and Wall Street had honest dealings with clients leading up to the financial meltdown, there would be no political will to create a consumer financial protection bureau.  The CFPB came into being because some bad people did bad things and cheated people out of their money.  The financial industry has no one but themselves to blame for the creation of a consumer watchdog.  It's a shame that all the deregulation done away with in the 1970's and 1980's was not brought back.  The laws against usury should also be put back on the books.  It may have made sense when there was 12% inflation to allow interest rates on credit card to go sky high, but with interest rates at historic lows it makes no sense for interest rates on credit cards to be 25%+.  Sometimes crooks should just go to jail and lose their money.  Right now the crooks are being allowed to holler cop.  After bringing the American economy and the World Economy to the brink of collapse, the financial industry and their Republican running dogs are crying foul over the creation and implementation of the CFPB.  If you don't do the wrong thing, the regulations won't affect you.  Don't run a red light and a cop won't stop you.  It may not be easy,  but it is simple.