Friday, January 20, 2012

How effective has federal legislation been in curtailing white-collar and organized crime?

About 23%. Maybe 24%.





No, wait. After thinking about it carefully, federal legislation has been 24.3% successful in curtailing white collar and organized crime. Success stories include the Truth in Lending Act and the Racketeer Influenced and Corrupt Organizations Act. Failures include bank deregulation (particularly the DIDMCA) and SEC oversight.





Final answer.

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