Financial crisis from an historic perspective


According to this guy; In order to avoid another great depression US set up  regulation to forbid investment banks from gambling with household savings then which was later deregulated to help American banks to compete with German banks, which then let to more competition; eventually banks were force to putting household saving into riskier investment that bubbled and blow up on all our faces.

And evolution history of the global financial system from this guy.

Good stories.

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