On Thursday, Treasury Secretary Timothy Geithner announced sweeping changes in the nation's finance rules, specifically targeting the derivative financial products that led to the credit crisis, mortgage crisis, banking crisis, and the crisis in the American automobile industry.. Predictably, some conservatives have responded that such policies would lead to "socialism," or a similar compromise of the free-enterprise American dream.
In fact, such regulations are as old as the Ten Commandments, and as American as apple pie: they are...
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