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What Veterans of The Financial Crisis Have To Say About The Next One

The Honorable Henry M. Paulson, Jr.

By Damian Paletta (original source The Washington Post)

“Architects of the government’s response to the last financial crisis worry the country is ill-equipped to handle another, fearing an “amnesia” has taken hold of policymakers, regulators, and the public that could lead to the next panic.

Four former regulators and treasury secretaries, once prominent but now faded from public view, said in the past week they hoped to use the 10-year anniversary of the Great Recession to force a public debate about how to prevent another crisis from ravaging the economy, particularly by forcing regulators to remain vigilant and giving them flexibility to move swiftly.”

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