Visit Toney Brooks's column >>

TONEY BROOKSHome Page

Author and retired broadcaster
Add To Watchlist
Articles Posted: 5; Links Seeded: 26
Member Since: 7/2008Last Seen: 6/30/2009

Deregulatory Zeal

News Type: Opinion — Seeded on Sun Oct 19, 2008 8:53 AM EDT
Read ArticleArticle Source: The Economist
Seeded by Toney Brooks
advertisement

Our banking system is highly dependent upon trust. Deregulation removed transparency from the system, leading to a breakdown of trust. When bankers no longer trusted their counterparties, they stopped lending, and the credit market froze. All due to an excess of deregulatory zeal.

Published to:

{"canLink":false,"threadId":0,"isPrivate":false}
Leave a Comment:
You're in Easy Mode. If you prefer, you can use XHTML Mode instead.
Newsvine Privacy Statement
As a new user, you may notice a few temporary content restrictions. Click here for more info.
{"threadId":0,"contentId":"2016293"}
Start TrackingStart Tracking
Stop TrackingStop Tracking
Back To Top | Front Page