His new overwhelmingly detailed book lays out how our entire money network is tainted by way of complicity and lax regulation.
Obviously they feel caught off guard because of the lax regulation, in some cases, of the banking industry before the financial crisis.
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Company records show that Canada Drugs began buying pharmaceuticals in far-flung countries that drug safety experts say have lax regulation and problems with counterfeiting.
In 2009, too late to prevent the financial bubble which had been facilitated by lax regulation, the watchdog abruptly began to show its fangs.
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Wait a second, everybody knows that the worst financial crisis this country has seen since the 1930s occurred in part because of lax regulation.
But capture is usually associated with lax regulation (think of banking).
So I think the beginning is to confirm him and reward both his acknowledgment of the past lax regulation and his service since the financial meltdown.
Delegates from some EU countries have suggested that others with large areas of forest - such as Austria, Finland and Sweden - are pushing for lax regulation, along with Russia and Australia.
The first is lax financial regulation, which has made it hazardous for anybody but insiders to invest.
Its most positive effect has been the shake-up of Britain's lax insurance regulation.
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Mr Mahuad's government has already started to tighten Ecuador's lax banking regulation, and plans to reduce the number of banks.
They say the country's business model of attracting foreign investors, among them many Russians, with low taxes and lax financial regulation has backfired and must be upended.
The medicine, along with rival Vioxx from Merck, became a poster child for what critics said was lax drug safety regulation coupled with over-advertising that caused consumers to take pricey drugs they didn't need.
We've already seen how lax enforcement and weak regulation can lead to enormous wealth for a few and enormous pain for everybody else.
By accepting money from limited numbers of very rich individuals or institutional investors, and (in many cases) by basing themselves in places where regulation is lax, hedge funds escape the standard reporting requirements faced by mutual funds.
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Until 2007 regulation was rather lax, allowing start-ups to dominate the industry, notes Bill Bishop, a longtime China-watcher.
Past regulation has been lax, a legacy of the sector's independent, co-operative traditions: it has been too easy, for example, to set up a caja.
That is true in an obvious sense when, for example, companies dump toxic waste or use risky technologies in countries whose regulation is relatively lax.
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But regulation and oversight were more lax then.
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Secondly, he said something that is very important to say, that the crisis occurred because regulation in the past had been too lax.
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