Chapman University School of Law Professor Timothy Canova wrote an article for the Brooklyn Law Review, entitled “The Transformation of U.S. Banking and Finance: From Regulated Competition to Free-Market Receivership,” which critiques the deregulation of banking and finance.  The article emphasizes, “the distortions and inconsistencies in the deregulation model, including the resort to bailout of large financial institutions, such as U.S. commercial banks and savings and loans, as well as defaulting foreign nations.”  Read more…