Banks are failing around the world. Could it happen here?
7am
00:00
The Unwinding of Banking Regulations After the GFC
The bank hadn't accounted for what might happen if interest rates were to rise. The dramatic unwinding of banking regulations that came into place after the GFC has led to such a risky strategy by Lehman Brothers. We are in the most serious financial crisis in generations. Wall Street suffered its worst losses since just after 9-11. And financial markets from Asia to Europe are doing their utmost to prevent Monday turning from dark to black.
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