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)!

#politics #banking
h/t FT