Financial Crises

    Credit-financed markets are inherently unstable. Inevitably, the pattern of payment promises doesn't align with actual ability to pay. What happens then depends on institutions, regulations and management. Today, the credit system is global, and so also is the prospect of financial instability.

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    How the Largest Banks Are Leading Us to a New Financial Crisis

    By evading regulation of credit default swaps, the major U.S. banks put taxpayers—and the entire economy—at risk Read more

    Ten Years after Bear Stearns, U.S. Financial Stability Is again in Danger

    Banks are pushing for deregulation and roll backs of Dodd-Frank’s regular check-ups on their financial health. We should be worried.  Read more