To get financial regulation right, the US needs leaders with the experience and perseverance to identify the proper measures, push for their enactment, and implement them effectively. If voters are seduced by bumper-sticker slogans in November's presidential election, another financial crisis would become more likely, not less.
CAMBRIDGE – Eight years after triggering a crisis that nearly brought down the global financial system, the United States remains plagued by confusion about what reforms are needed to prevent it from happening again. As Americans prepare to choose their next president, a better understanding of the policy changes that would minimize the risk of future crises – and which politicians are most likely to implement them – is urgently needed.
CAMBRIDGE – Eight years after triggering a crisis that nearly brought down the global financial system, the United States remains plagued by confusion about what reforms are needed to prevent it from happening again. As Americans prepare to choose their next president, a better understanding of the policy changes that would minimize the risk of future crises – and which politicians are most likely to implement them – is urgently needed.