[djsherin]

I might add that just because libertarians favored “deregulation” doesn’t mean that in this instance, “deregulation” was a libertarian philosophy. I think that politics simplifies a complicated issue into “deregulation” and “regulation”. This being a complicated issue, it’s hard to see where “deregulation” leads for most people. No libertarian would be in favor of “deregulating” murder, but that is a clear case. Clearly “deregulation” of murder violates basic free market principles, and no one would call it “deregulation”.

[dirtboy]

I might add that just because libertarians favored “deregulation” doesn’t mean that in this instance, “deregulation” was a libertarian philosophy.

I disagree. Greenspan's and Gramm's views regarding regulation of financial markets aligned closely with Libertarian viewpoints regarding little or no regulation.