Are We Safe Yet?

Banking is an inherently risky business, and the United States will, sooner or later, face another major financial crisis. Yet the tools policymakers have to respond are even weaker than they were before the last crash. Politicians should restore more discretion to financial firefighters, not as a substitute for strong safeguards, but as a complement to them.

"Are We Safe Yet?" is from the January/February 2017 issue of Foreign Affairs.

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