4 ms·
A good deal of US banking legislation came into being in response to various crises. Like the Federal Reserve Act in response to the Panic of 1907. It's pretty
by agentultra 5y ago
A good deal of US banking legislation came into being in response to various crises. Like the Federal Reserve Act in response to the Panic of 1907. It's pretty normal.
A lot of this legislation exists to provide buffers to protect people from all kinds of situations. That's why we have legislation and regulation.
- AnthonyMouse 5y ago> A good deal of US banking legislation came into being in response to various crises. Like the Federal Reserve Act in response to the Panic of 1907. It's pretty normal. It's also the financial equivalent of invading Iraq in response to 9/11.