Reform too-big-to-fail Banks
The too-big-to-fail banks were at the heart of the global financial crisis in 2008. Despite promises to reforming the banking system, inadequate regulatory changes have been implemented in the United Kingdom to protect the public from a similar situation again.
Too big to fail is returning with a vengeance. The same risk that major Wall Street banks posed in the 2008 crisis when they were too complex, too big and too risky to the global economy to be allowed to fail is alive and well.
According to a recent Bloomberg report the hedge fund industry has officially gone over $3.02 trillion in global assets under its management.
To put that into perspective, that figure is nearly six times the amount that it took for Lehman Brothers to crash and throw the world into financial calamity in 2008.
