Anything more than a tweak to Dodd-Frank would be riskyby George Magnus / February 13, 2017 / Leave a comment
Around nine years ago, the US investment bank Bear Stearns was in trouble, finding increasing reluctance on the part of markets to provide the liquidity it needed to continue operations. In March 2008 the Federal Reserve intervened heavily to give the bank a lifeline. Two months later, the bank was no more, sold for a song to JP Morgan Chase. With the Lehman crisis four months away, the rest, as they say, is history.