Home \ Terms \ Topics \ Systemic Risk

You are here

Systemic Risk

Chastening the Giant Banks

"From the Gordon Gekko 1980s until the mortgage meltdown in 2007-8, the financial industry came to dominate the world economy. On this extraordinary and sometimes terrifying ride, banks reaped incredible profits while management and staff received generous salaries and lush bonuses.

"And then everything fell apart. Eventually governments had to step in to bail out or shut many financial institutions.

Pages