During the 2008 bailouts, our financial policies were so out of whack that the failure of a single investment house threatened to bring the most powerful nation on the planet to its knees. Now, JP Morgan Chase, HSBC, and Barclays, among others, are dismantling efforts to restore economic stability. Politicians must re-regulate the banking industry or ‘out’ themselves as industry lackies.
In his latest New York Times blog post, MIT Sloan Professor Simon Johnson lays out three myths used by megabank executives to defend against serious regulatory discussion. Read the article and share your thoughts.
From The New York Times
