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>> we should do it to such an extent that it addresses the root cause and provides economic incentive to be more accountable for ones actions. I agree with tha
by chris11 7y ago
>> we should do it to such an extent that it addresses the root cause and provides economic incentive to be more accountable for ones actions.
I agree with that. Bailouts should usually be coupled with regulation to limit the need for a bailout the next time a failure occurs.
- tonyedgecombe 7y agoIt’s hard to predict what regulations you need, I recently read a book about the banking crisis that stated the Basel regulations were partly responsible. The next crisis won’t look like the last one.