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> it does not seem like regulating banks has done much to improve the financial system Are you sure? To me is looks like this: Loosening the regulations on U
by GlennS 9y ago
> it does not seem like regulating banks has done much to improve the financial system
Are you sure?
To me is looks like this:
Loosening the regulations on US mortgages was a strong contributing factor to a global financial crisis.
Since then, tightening regulations on global banking has led to banks being much less likely to fail and trigger another crisis.
- ekianjo 9y ago> Since then, tightening regulations on global banking has led to banks being much less likely to fail and trigger another crisis. you are in for a big surprise the next time a crisis hits the market. And even if your statement were true, only a few banks crashing would lead to a catastrophic domino effect, because everything is very largely inter-connected. What we have done since 2008 is largely insufficient to consider the current financial system as robust.