Never Again?

This article discusses possible causes for the 2008 financial crisis, as well as the reforms and steps the government has taken in the attempt to prevent a future crisis. It discusses the usual "Wall Street" issues as well as the "banks being to big to fail". All the usual criticisms of the 2008 failure, but also discusses the past Senate hearings from 1932 to 1934, investigating the "Great Crash". Which in Perino's opinion, the fundamental reforms to the structure of financial regulation invariably come in the wake of a crisis or scandal. It goes on to discuss the possible solutions, regulations, etc. that could possibly help prevent further crisis. However, they look to be inevitable in a capitalist economy. That ship (crisis of 2008) may have sailed but could things like Illinois debt, chinese economy bubbles, and the current instability of the euro bring the ship back? Its quite a debate.