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the philosophy behind deregulation is that it works better. this bill represents the first step in our administration s comprehensive program of financial deregulation. introducing deregulation, finance began to get much more creative and profitable. in money matters, wall street, where leaping stocks have investors jumping. the dow jones industrial average will stand at its highest ever. the past few months have been among the wildest in wall street s history. stock and bond prices soared in a frenzy of activity. optimists on wall street are talking about the beginnings of economic recovery. supporters of deregulation point to the stock market as evidence that a deregulated economy makes money for everyone. the stock market took off like a rocket. and the public saw this happening, and they would read about it. and so all sorts of people who used to have nothing to do with this world started pouring their

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