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By reversing Wall Street regulations we’re risking another Lehman Brothers but ‘on a larger scale’





lehman brothers

They say human beings have short memories, but this is outright amnesia.

Donald Trump and the Republican Party’s efforts to dissolve many of the new regulations imposed on major Wall Street banks in the wake of the worst financial crisis are most stunning because they ignore such glaring and recent lessons.

These include: 1. bank self-regulation ends in tears since the crisis was caused by a lax enforcement of rules, not an excess of them; and 2. bankers will push financial risk to the limit if they know taxpayers will bail them out regardless.

“There are few precedents in modern political history read more >>>

Source:: BusinessInsider.Com

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