The fraudulent, criminal acts of large banks led directly to the 2008 global depression. Have things gotten better? Are depositors safer than they were in 2008? This article concludes most of the regulations intended to make banks safer will have little or no impact.
I wish all my readers good health and spirits in 2014. In my latest piece, I take a close look at just how safe we should feel about our banks now that the “Volcker Rule” has been written for Dodd-Frank.
Shiller deserved the Nobel Prize in Economics
He recently asked whether too many people go into finance and about whether we need more bank regulation. These issues are addressed in my latest article.