More than a year has passed since an unprecedented crisis pushed the world financial system to the brink.
Yet plans to rebuild that system on more stable footing remain embryonic. Differences among regulators, businesses and governments have slowed reform plans. And hefty bank profits, fed by easy credit and government aid, have drained the sense of urgency.
1 comment:
It is so sad that the FDIC and Fed cannot reform economic systems even though it has been already a year since finanical crisis. Because of the financiers are very shy, traditional monetary policy does not work.
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