Due to the nature of large economies, and the inability of economists to "predict" consequences with any reasonable degree of accuracy, it is OK to say we get there when we get there.
When the largest banks and financial institutions, still remain "too big to fail", the culture of gaming the system will not change. Many more not so big banks would aspire to take on all they can, just to earn the status of too big to fail, only for the cycle to repeat itself. I dare say, in not too distant a future.
Greed, interest taking, and avarice which pervaded the system, including the loose control and oversight by regulating body, will very likely remain. Laws crafted by the different legislative houses, will have too many loop holes in them for exploitation by these financial executives.
Only God knows the future, I rest my case.
Due to the nature of large economies, and the inability of economists to "predict" consequences with any reasonable degree of accuracy, it is OK to say we get there when we get there.
When the largest banks and financial institutions, still remain "too big to fail", the culture of gaming the system will not change. Many more not so big banks would aspire to take on all they can, just to earn the status of too big to fail, only for the cycle to repeat itself. I dare say, in not too distant a future.
Greed, interest taking, and avarice which pervaded the system, including the loose control and oversight by regulating body, will very likely remain. Laws crafted by the different legislative houses, will have too many loop holes in them for exploitation by these financial executives.
Only God knows the future, I rest my case.