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The next financial crisis: Why it is looking like history may repeat itself

September 14
10:18 2018

Sept. 15, 2018, will be the 10th anniversary of the collapse of Lehman Brothers, the fourth-largest investment bank in the United States. It was the definitive moment that pushed the U.S. economy into the Great Recession and the worst economic crisis since the 1930s. It can happen again. In fact, the current direction in federal policy suggests it even may be likely.

After unprecedented policies by the government to stabilize financial markets and reverse the economic carnage, the economic recovery is approaching its tenth year, but significant headwinds threaten to undo the progress made in the aftermath of the financial crisis. These concerns can be broken down into three key areas: deregulation of the financial sector, uncertainty in the future Federal Reserve policy, and the increased speed of the revolving door between Wall Street and Washington, D.C.

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