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Why a financial crisis like 2008 could happen again | DW News



What lessons have been learned since the 2008 global banking crisis? Are we about to head into another one? DW Business spoke to Anat Admati, a professor of Finance and Economics at Stanford University, and Martin Hellwig, former director of the Max Planck Institute for Research on Collective Goods, authors of the recently updated book The Bankers’ New Clothes, on the state of the banking industry and what can be done to avoid another crisis.

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25 comments
@joecater894

I guess get ready to buy up gold then.. maybe.

Seriously though.. govs should force buy sections.. and keep them.. organise so this time private sections can go to the wall. They wont though. there will be no provision.

@JohnGeranien

It’s not fragility.
It’s fraud.

The weakest link in the chain is the corruptible virtue of bankers

@seanparvis8568

Germany against "bankers". lol.they tried this in the 1930s and 40s. they lost….again. GO BANKS!

@cameronf3343

Our culture normalizes debt too much. It’s that simple. People pretend that having unpaid business debt is ok during good times, and then don’t realize that the good times always slow. For all kinds of reasons.

My serious goal is to make it my business has $0 in debt because frankly, that’s the only chance that any business has in surviving any recession.

Debt makes it you don’t truly have chance to set your own prices. That’s the problem. And if you don’t have chance to set your own prices, you don’t have chance to stagnate or lower prices during recessions to maintain customers and attract new ones. It’s the companies who keep prices high that have it the worst during times of penny pinching.

@michaelburggraf2822

Thank you to Ms.Admati and Mr.Hellwig as well as to DW for drawing attention to that lingering risk.

@happymelon7129

WBuffett : China paying for us in 2008