"60 Minutes" Blames the Financial Crisis on Deregulation

On Sunday, "60 Minutes" ran a story about the collapsing financial markets, and placed the blame squarely on those who deregulated those markets. In case you missed it, here is the video:

For the last 16 years, Congressman Roscoe Bartlett has voted to deregulate the financial markets every chance he got. And now that the financial markets are in free fall, does Bartlett finally admit that he went too far? No, he says he didn't go far enough! Contrary to just about everyone else, Roscoe Bartlett says that the current financial crisis is due to over-regulation of the financial markets. Watch for yourself this clip from Bartlett's opening statement at the candidates forum sponsored by the Chamber of Commerce in Hagerstown.

Later that evening, at the FCC Candidates Debate, Jennifer examined Bartlett's reckless history of deregulating the financial markets where voters are now losing trillions of dollars as the markets continue to decline.