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Rodrik: Who Killed Wall Street?

Posted on October 12, 2008

What caused the financial crisis and can we stop it from happening again?:Who Killed Wall Street?, by Dani Rodrik, Project Syndicate: ...[L]et's remind ourselves how compelling the logic of the financial innovation that led us to our current predicament seemed not too long ago. Who wouldn't want credit markets to serve the cause of home ownership? So we start by introducing some real competition into ... mortgage lending... We allow non-banks to make home loans and let them offer creative, more affordable mortgages to prospective homeowners not well served by conventional lenders. Then we enab...

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regulations , regulatory