In our last blog entry we talked about the fact that the heavy hand of regulation is not the answer when it comes to solving challenges many credit unions face. However, it’s equally important to note that the opposite tactic of aggressive deregulation is also not a suitable answer.
Despite what some financial crystal ball-gazers proclaim, this nation is not out of the woods yet when it comes to the current financial crisis (recession, Great Recession, call it what you will). The ongoing financial crisis that began in 2008 was caused, in large part, by over deregulation of financial markets.
A brief look at the c.... more
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