Farewell until the next crisis

After a year of financial crisis the US needs to restore trust in the financial system and avoid new mistakes that could lead to another crisis, the daily Dnevnik writes: "It wasn't long before the dilemma over whether to abandon speculators to their deserved fate at the risk of jeopardising the entire system received the expected and realistic answer. In these days US President Barack Obama repeated that answer. While announcing on Monday a banking system reform he referred to companies that were 'too big to fail'. Consequently he announced plans not only to monitor those in charge more closely but also for the [financial markets] to be partially state regulated. … But the ingenious financial wizards … are [still] paid handsomely for making profit in unbelievably original ways. Laws and regulations often lag behind … . This game is an old one and goes on forever. Farewell until the next crisis."

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More from the press review on the subject » Fiscal Policy, » Corporations, » Financial Markets, » Banks, » U.S.
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