WSJ.com - Reform a la Glasgow

Powered by           In short, the decade's great experiment in direct, unmediated lending is undergoing an Adam Smith cleansing.    Yet the politicians, in their typical election-year panic, now demand more power for the same regulators who failed to use the power they already have to prevent the current crisis. Today's credit panic isn't some "crisis of capitalism" that needs a vast new layer of regulation. The regulators are as much to blame as the regulated...             Click the following to access the sent link:       WSJ.com - Opinion: Reform a la Glasgow* This article will be available to non-subscribers of the Online Journal for up to seven days after it is e-mailed.                 Get your EMAIL THIS Browser Button and use it to email content from any Web site. Click here for more information.           *This article can also be accessed if you copy and paste the entire address below into your web browser. http://online.wsj.com/wsjgate?subURI=%2Farticle%2FSB120701058752178921-email.html&nonsubURI=%2Farticle_email%2FSB120701058752178921-lMyQjAxMDI4MDM3MTAzMTEwWj.html