I'd suggest we approach all issues with both eyes fixed upon minding our own business.Perhaps we can agree that there are few simple answers and that those that do exist usually are wrong. ;-)
Whether "deregulation" can be associated with the rise in untrustworthiness in the market will be endlessly debated, as will the origin and validity of Gaussian copula functions that seem to have been misinterpreted by bankers.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us."
-- Shakespeare: Coriolanus, Act 1, scene 1
