This banking crisis was preventable — and so is the next one ...Middle East

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This banking crisis was preventable — and so is the next one
source : The Hill ( Middle East ) () 46
The clouds hanging over financial markets were inevitable, but they were also preventable. While markets step back from the edge anticipating additional financial shoes to drop throughout the economy, you may be wondering how this could have happened so soon after financial systems were inoculated against such things after the 2008 global crisis. The better question is, why did it take so long given the massive missteps that have occurred?  Like it or not, the U.S. banking system is designed to absorb and lever financial risk. The fragility built into the system enlarges credit availability and allows the economy to grow and prosper — until risk becomes overwhelming and everyone looks fo

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