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Is the Banking System Safer Than It Was in 2008?

Open to Debate

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Introduction

In 2008, Open to Debate asked whether the banking system had become safer over those 10 years. Now we're in this moment again when huge headlines are being written about failure of some significant banks seemingly out of nowhere. Are there guardrails put in place after 2008 that were supposed to keep things systemically safe? Are they working? Are they not? Is it the case after all?

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