Big Banks Still Pose Threat–Both Parties Are Asleep




Neel Kashkari, Washington Post
Ten years after the financial crisis and Great Recession, it is now clear that the 2008 bailouts worked too well — for Wall Street, that is. The Dow Jones industrial average is far above its pre-recession highs. Bank earnings and share prices are setting records. The financial crisis is now just a fading memory. In hindsight, it wasn’t that bad, was it? When asked if we are likely to face another crisis in the near term, Microsoft co-founder Bill Gates recently answered: “Yes . . . Fortunately we got through [the last] one reasonably well.”



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