Cycles of deregulation and government complicity in dodgy financial schemes, follow by wide spread economic collapse, then reactive re-regulation, have occurred throughout modern history. Human nature is human nature—every time controls over speculative behavior are loosened, greed takes over, and a few profit obscenely at the expense of many. I have just added two new sections: q) Derivatives: The Immense Black Hole In The World Economy, and r) Program Trading: Sucking Vast Amounts Of Cash Daily Out Of The Capital Pool. Please have a look at both and share your comments.