It's NOT deregulation

I have screamed this at my TV as Lannie Davis, Alan Colmes, and other nattering nabobs of neosocialism try to discredit regulated capitalism by spinning myths. After a troubling opening (redacted to keep your blood pressure from exploding), Sebastian Mallaby finds his sea legs and gets it right:

The claim that the financial crisis reflects Bush-McCain deregulation is not only nonsense. It is the sort of nonsense that could matter.

Read it all and, come November 5, weep if the scales haven't yet fallen from the eyes of our countrymen.