Ever since the Great Depression, regulators have tried to prevent bank runs. As Congress inches toward financial reform, it is failing to address the modern equivalent of this old problem: runs on the market.
That, after all, is what brought the financial system and global economy to its knees over the past two years. Investors and banks refused to buy debt or provide credit until governments stepped in and backstopped markets.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
