New York Times (October 12)
2012/ 10/ 14 by jd in Global News
“Bank bailouts were supposed to be followed by financial reform to limit the banks’ destructive power. Instead, bailed-out banks are bigger than ever and have resisted reforms to limit their size and complexity.” Fortunately, there are some promising signs of change. The most recent arrived in a report from a committee led by Erkki Liikanen for the European Commission. Should the recommendations be approved “the lack of progress, however, may yet give way to change.”
Tags: Bailouts, Banks, Complexity, Erkki Liikanen, European Commission, Reform, Size
