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[–] let_them_eat_slogans 1 point 0 points (+1|-1) ago 

As usual, the Daily Kos gets it wrong. Regulations existed long before 1938.

Obviously you didn't read the article. The article is not claiming that regulations were invented in 1938, the article is claiming that, generally speaking, regulations come to be as a result of corporate misbehaviour. It uses the 1938 case as an illustrative example.