But there ARE examples of more regulation equalling less risk. The FDA, ICC, FTC, NHTSA and other federal agencies regulate industries successfully. They introduce standards and transparency that overcomes much fraud, increases public safety, provides legal avenues for consumers, promote growth, etc. Regulation may be risky, but lack of regulation is not risky, it is certainty of systemic failure. The first move, and the the one which would have prevented much of the damage of the current dip, is the repeal of the Glass Steagall Act. Lack of transparency regulation allowed the biggest offenders to hide their faulty activitiies.No, financial regulation is necessary to keep the normal market ups and downs within manageable range.