Congress, Wall Street will cause the next financial crisis

Barry Ritholtz in the Washington Post calls the notion that the US Congress was behind the financial crisis of 2008 "the Big Lie". As we have seen in other contexts, if a lie is big enough.

Updated April 26, 2018 10:53 a.m. Countries hard-hit by the financial crisis have spent much of the decade since trying to fix their banks. Countries that escaped unscathed have done the exact opposite, going on a borrowing binge that makes them prime candidates to be victims of any credit squeeze resulting from rising U.S. interest rates.

Do you think financial crises are inevitable given human nature and the DNA of our banking system? The timing, cause, and severity of the next financial. about the crisis and what do you think you.

The House voted on the biggest rollback of Wall Street regulations since the financial crisis. While the bill would change many regulations for regional and community banks, analysts say it is not.

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wall street journal’s Jimmy Vielkind – State Sen. Brian Benjamin endorsed california sen. Kamala Harris for president. “IN JANUARY, AS CONGRESS SWORE IN a record. but has not filed a financial.

He spoke Wednesday to the Financial Services Roundtable. When asked by MarketWatch at the conference about any issues that haven’t been covered by Dodd-Frank, or the current legislative proposals that.

Billionaire Jeffrey Gundlach believes the next crisis will be in junk bonds. wind," Gundlach said over the weekend during an appearance on wall street week, a long-running weekly financial TV show.

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Last month, Congress caved to the big banks on Wall Street and let them go right back to the risky, speculative gambles they were making when they collapsed the economy in 2008. And it could lead to the next financial crisis. According to Money Morning Capital wave strategist shah Gilani, we shouldn’t be surprised.

From the Wall Street Journal’s Daily Shot. "The agreement, which still must be passed by Congress, probably would prevent a debt-ceiling crisis later this year but also would continue Washington’s.

Pending home sales hit two-year high: NAR On a regional basis, pending home sales rose the most in the Northeast, increasing 8.2%, a significant uptick compared to December when pending home sales fell 5.4%. In the Midwest, the pending home sales index rose 4.5% from December to January and is 17.7% above year ago levels.

Wall Street and The Financial Crisis: Anatomy of a Financial Collapse . April 13, 2011. In the fall of 2008, America suffered a devastating economic collapse. Once valuable securities lost most or all of their value, debt markets froze, stock markets plunged, and storied financial firms went under.