Home » General World News » By reversing Wall Street regulations we’re risking another Lehman Brothers but ‘on a larger scale’

Affordable Business Search Form On Various Famous Websites...

Loading
Compare Hotels rates & Flight tickets prices from 100+ top booking sites at once..., Check the prices & save up to 80 %..., Click to find cheap, affordable travel offers, new deals campaigns... >>> www.travelkinds.com

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

Comments are closed.