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This seems to be true from a short-term perspective. From a more long-term perspective, factors that led to the crisis have not really been dealt with at all. D
by ggchappell 11y ago
This seems to be true from a short-term perspective. From a more long-term perspective, factors that led to the crisis have not really been dealt with at all. Dodd-Frank is hardly Glass-Steagall. The revolving door between finance and government is still spinning. Regulatory capture is in full swing.
And that means -- if I might be prophetic for a moment -- that it's all going to happen again.