A Regulation Challenge

It wasn't "deregulation", it was a massive lack of regulation from the very beginning. The American government has nicely been protecting consumer deposits in banks for years now (FDIC support), but in return has not bothered to keep an eye out for unscrupulous lending policies, ill-defined CEO bonuses and circular investing. Fear of too much intervention has led to NO intervention, until it was too late. These new "rules of the road" merely provide guidelines to protect the government's (i.e. the public's) investment in restoring faith and protection to the public's investments. Without running the banks directly, which I hope noone wants, the government has no choice but to lay down these minor "guidelines" and hope for the best. It will still be up to BANKS to avoid a new banking crisis, so your question about "exactly how will these new rules of the road stop a new banking crisis?", is spurious.

You won't be getting any answers, though I'm sure you knew that going into this. Liberals just jump on the word "deregulation" because they heard Barney Frank or some other pud say it. None of them know what it means or if it really had anything to do with the recession. They just need something to latch onto so they can blame republicans.

The problems were not caused by deregulation. They were caused by to many regulations and the government mandating that the banks take on risky and unqualified loans. The new proposed regulation is nothing more than the way a big central government is going to control everyone and the way we do business. It is all about control and power.