On Wednesday, the Federal Reserve proposed a major rollback of bank liquidity requirements imposed on Wall Street after the 2008 financial crisis. The bankers are getting everything they want, like they always … Continue reading Wall Street Moves to Gut Post-Crisis Rules
The aftermath produced a lost decade for European economies and helped lead to the rise of anti-establishment political movements here and abroad. Blunder after under after blunder, and we’re headed towards repeating … Continue reading The Real Cost of the 2008 Financial Crisis
After the Lehman Bros. collapse, Bernanke argued to lawmakers that we faced a catastrophic collapse of the financial system and a second Great Depression. That wasn’t true. It was a way to … Continue reading The bank bailout of 2008 was unnecessary. Fed Chairman Ben Bernanke scared Congress into it
Email transcripts released by the US Department of Justice (DOJ) show RBS bankers joking about destroying the housing market before the 2008 crash. And they are not the only bank that knew … Continue reading Emails show RBS bankers joked about crashing the US housing market before 2008
Subprime loans were one of the main causes of the credit crisis. So why is lending to risky borrowers back in vogue? Hmmmm, perhaps because we bailed out the banking system without … Continue reading The return of high risk mortgages? – FT
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