Quote:
Originally Posted by RWebb
I am amazed that less regulation is thought to be a fix for lax regulation.
Banks used to do just fine at what they do, until the regulations enacted after the Great Depression were removed; then we got the Great Recession.
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I firmly believe that the interstate banking deregulation that began in the mid-80s was the beginning of the end. Mega-banking became all about "growing" and putting merger/acquisitions together, while fiscally conservative "well run" banks were consumed in Pacman fashion. The deregulation of the late '90s was just the straw that broke the bankers back imo...but it was a BIG straw
