You would think after the free fall on Wall Street and the failures of AIG and Bear Sterns even some of the most ardent conservatives are saying some of that deregulation might not have been the best idea. Not Mr. "Nation of Whiners" Phil Gramm:
“They are saying there was 15 years of massive deregulation and that’s what caused the problem,” Mr. Gramm said of his critics. “I just don’t see any evidence of it.”
The scary part is if John McCain had won, Phil Gramm would have probably ended up as Secretary of the Treasury.