Each step on the long deregulatory road seemed wise at the time and was usually the answer to some flaw in the system.

在放松管制的漫漫长路上，每一步当时看起来都很明智，通常都被看成是对系统缺陷的修正。

The deregulatory consensus of the 1990s and 2000s has given way to a more stringent approach that is bound to last for several years.

上世纪90年代至本世纪头十年间的“去监管化”共识，已经让位于更严厉的方式，在未来若干年内都不会改变。

Well, you could say that American bankers, empowered by a quarter-century of deregulatory zeal, led the world in finding sophisticated ways to enrich themselves by hiding risk and fooling investors.

好吧，你可以说美国的银行家们，四分之一个世纪内从放宽的金融政策中授权了热情，引领着世界寻找复杂的方法通过隐藏风险和愚弄投资者来为自己创造财富。