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The Rise of "Legal Fraud" | Bethany McLean
Forward Guidance
The Banking Sector Is Much the Safer After the Great Financial Crisis
The credit of falt swap is something, i don't know, one one hundredth the size of what it was before the great financial crisis. The shadow banking system has continued to flourish absolutely unchecked. I do not believe that that there's any amount of regulation that can make the system perfectly safe. When you clamp down in one place, you just create openings. And loopholesn i in another place when i say that the opportunities for fraud remain out there. It's ot the same kind of fraud. Its history repeats. History rhymes. It doesn't repeat.
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