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systemic risk
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- onPhoto below - remember this? Ask your mom or dad about it, if you were still a kid 20 years ago.byPaulleverich...
I lean toward conditional backstops, but only the kind that are disciplined and structured so they don’t quietly morph into permanent safety nets for reckless behavior.... - onPhoto below - remember this? Ask your mom or dad about it, if you were still a kid 20 years ago.byPaulleverich...
I remember that period pretty clearly, and honestly I think a lot of people still misunderstand what actually happened in 2008. The core issue wasn’t just banks being reckless....