What could possibly go wrong?
The US Federal Reserve (that regulates US banks) is about to reduce the capital adequacy requirement for banks (raised in the wake of the 2008 financial crisis).
Of course, nearly 20 years after the global financial crisis, regulators & bankers may say they've learned the lessons of 2008, but what they really mean is they've (wilfully) forgotten them.
Just one more act bringing a crisis nearer (as if attacking Iran wasn't;t enough)!
@ChrisMayLA6
Oh, they've learned their lesson.
Crashing the economy to make money worth less causes stock prices to go UP.
Legal restrictions on those people don't exist because they don't know what they are doing. They exist because they know exactly what they are doing.
Ha ha, yes fair enough - that lesson certainly has been learnt (but they may known that before 2008)
@ChrisMayLA6
Maybe. It seems to me that before, the goal was to make the stock prices go up, and crashing the economy was just a side effect. But after 2008, the goal has been to intentionally crash the economy to make stock prices go up.
But maybe that's just me.
Well, there's a analytical approach that would label such practice(s) observed the latter: 'disaster capitalism' so quite possibly the case
Emeritus Prof Christopher May
Leeloo