Glass-Steagall regulation, repealed in 1999, would not have prevented or ameliorated the global systemic collapse in 2008. Traders work on the Mizuho Americas trading floor in New York. Photo: Bloomberg
Opinion
Opinion
The View
Opinion: Nearly a decade since the 2008 crisis, it’s still derivatives, elite traders, and ‘too big to fail’
‘The outcome of the financial crisis has made bankers and regulators very aware of the ‘too big to fail’ dilemma. But it has also led them into an intellectual cul de sac’
Glass-Steagall regulation, repealed in 1999, would not have prevented or ameliorated the global systemic collapse in 2008. Traders work on the Mizuho Americas trading floor in New York. Photo: Bloomberg
