“In the mid-2000s, banks were allowed to run wild by those charged with regulating them—particularly in borrowing imprudently and in acquiring and creating soon-to-be-worthless mortgage-related securities. The Federal Reserve should have been questioning and restraining these practices. It did not do so, and too little has been done to make another crisis much less likely to happen.” Roger Alcaly on how to limit the risks posed to the economy by large banks and other financial institutions that borrow so much.
Posted on: Tue, 20 May 2014 17:28:04 +0000
Trending Topics
Recently Viewed Topics
© 2015