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The State of Financial Reform on the 11th Anniversary of the Crash of Lehman Brothers

Synopsis:

Too BIG to FAIL Is Alive and Well

Lehman Brothers collapsed into bankruptcy on September 15, 2008, 11 years ago, which ignited the worst financial crash since the Great Crash of 1929 and caused the worst economy since the Great Depression of the 1930s.


 

“Those who do not learn from history are doomed to repeat it.” - George Santayana


 

That may be fine for decisions by individuals who suffer the consequences from their own actions.  However, it is a dereliction of duty for public officials, policymakers and regulators who should know better given very recent history, particularly because the American people eventually are going to suffer the consequences of their actions.

Unfortunately, President Trump’s policies and anti-regulation financial “regulators” are dismantling financial reform and exposing Main Street taxpayers and families to the ravages of another catastrophic crash.

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