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Paul Pfleiderer

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Letter To Senators Protesting Parts Of S.2155 - Economic Growth, Regulatory Relief, And Consumer Protection Act

by Amit Seru , Anat R. Admati, Paul Pfleiderervia Bankers New Clothes
Tuesday, March 6, 2018

Excessive and inefficient reliance on debt throughout the financial system was a key cause of the global financial crisis. The crisis exposed the inadequacy, poor design and ineffective enforcement of the regulations in place to prevent this excessive borrowing and the buildup of risk throughout the system.