"Fundamentally, I'm a deregulator"

John McCain had so much fun with the bank collapse, he wants to try it with health insurance, too!

Via Paul Krugman, here's McCain in Contingencies, the magazine of the American Academy of Actuaries:

Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.

Wow. It'll be interesting to see how the campaign responds in the coming days, as this line gets more attention from the media. Because if you think the lesson American investment banks have taught us over the last 10 years is that deregulation is a good thing, well, you're a Republican.

Which means you're not fit to get within 100 miles of the governance of this nation's financial markets. Like John McCain.