Many compare this financial crisis to the stock market crash of 1929, but it is closer to the credit freeze and bank panic of 1907. We might have avoided the worst of the current troubles if we had not overturned laws adopted in response to earlier crises. We should have placed more value on the hard-earned lessons of the instability that comes from unregulated markets and gambling on securities prices.
許多人把這次金融危機與1929年的股市崩盤相比，但它更接近于1907年的信貸凍結和銀行業恐慌。如果我們沒有推翻為應對以前危機而通過的法律，那么我們或許本可躲過當前危機的最糟糕階段。我們本應對那些來之不易的教訓予以更大重視：是不受監管的市場和對證券價格的投機造成了不穩定。
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