• Big banks are exploiting a risky Dodd-Frank loophole that could cause a repeat of 2008

    2 monthes ago - By Fast Company

    Michael Greenberger, who warned about the risk of a financial crisis ten years ago, is worried that the Trump administration is doing nothing to close a new loophole that allows banks to take huge risks.
    A decade ago, when the global economy crashed, many economists, financial regulators, investors, and so-called experts were caught by surprise. Not Michael Greenberger. The University of Maryland law professor had been warning for years about the risks posed by an unregulated derivatives market and over-leveraged banks. Years earlier, when he worked at the Commodity Futures Trading...
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