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See the "Inside Job" (2010) documentary movie - (at least in USA) there were attempts to regulate the now unregulated banking activities. The banks' lobby was j
by userulluipeste 13y ago
See the "Inside Job" (2010) documentary movie - (at least in USA) there were attempts to regulate the now unregulated banking activities. The banks' lobby was just too powerful and in result not only the banks remained unregulated, but the regulation system was reduced in staff and weakened.
- onebaddude 13y agoOr, people could read about how and what the shadow banking system is instead of watching a popular, slanted - albeit good, documentary. The "shadow banking system" aren't banks, that's the point. People underestimate just how regulated the banking system is, despite all the talk about more regulation.
- userulluipeste 13y ago"People underestimate just how regulated the banking system is, despite all the talk about more regulation." I agree with you about underestimation, but I think that the surplus of the regulations that we're talking about here is more to keep the member circle small, therefore it is in the benefit of the incumbent banks. So there is: 1. strong regulation if you want to get in and 2. weak regulation (at least for some banking activities) for keeping you in check afterwards.