You obviously just consume news headlines and have no idea what you are talking about.
All banks and the Fed have entire divisions devoted to stress testing and risk management built after the financial crisis that was supposed to stop exactly what happened from happening.
This is all political theater. The reality is that the banking system is ultimately too complicated and a complex system of this size is going to have parts that are brittle. We will always be fixing things in the rear view mirror while journalist write BS for people like you to consume.
oldscoolwitch t1_jeee8uc wrote
Reply to comment by OrdinaryAddss in Biden pressures US regulators to toughen bank rules by lawthrowaway101
You obviously just consume news headlines and have no idea what you are talking about.
All banks and the Fed have entire divisions devoted to stress testing and risk management built after the financial crisis that was supposed to stop exactly what happened from happening.
This is all political theater. The reality is that the banking system is ultimately too complicated and a complex system of this size is going to have parts that are brittle. We will always be fixing things in the rear view mirror while journalist write BS for people like you to consume.