The Financial Crisis and the Human Cycle

In the US context, the state of bank capital of regulation of leverage is totally different than it was in 2007. There are some similarities which I'll get into that may make folk wonder. But the level of safety and soundness within the financial system, we just had a very sharp recession as it related to COVID completely unforeseen. The reasons why that recession and the response help mitigate some potential problems from the banking system.