Summary
If anything is clear from today's economic trouble, it is the need for reform in the financial industry.
Huge banks are able to engage in complicated, arcane manipulations. Accountability is lost. Institutions "too big to fail" are tempted to confound the credit system with disastrous consequences now apparent, throwing the economic system into recession and bankrupting thousands of innocent citizens lured into credit traps by irresponsible lenders. To be sure, the borrowers were irresponsible, too, but knowledgeable bankers were in control. Their excesses must be controlled.See the full content of this document
Extract
Banking Reform
This all became possible during the Clinton administra...
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