"One of the amazing things to me is that in the wake of the financial crisis, and others, that there are people blaming our failure to get out of the crisis on regulation," says Delaware Court of Chancery Chancellor Leo E. Strine Jr. in a panel discussion at The Deal Economy 2012, adding that this thought process is "laughable." Strine is joined by fellow panelists Richard Feinstein, director of the bureau of competition at the Federal Trade Commission; Hal Scott, Nomura professor and director of the Program of International Financial Systems at Harvard Law School; and William McConnell, The Deal LLC's Washington bureau chief. Strine goes on to say that the failure of prudential regulation is the more likely culprit. - Sarah Hashim-Waris