This is the first of a series of conversations with brilliant young professionals that I have met. Lusha Zhuang is a Chinese
Recently, the financial reform proposals of Bernie Sanders and Hillary Clinton have gotten a flurry of press. Will either of them make us safer? Are economic experts using their professional expertise to judge them or blowing political and philosophical smoke?
Why grapple with history when you can just rewrite it?
She was against it, before she was for it, before she didn't vote on it.
And it's damaging her campaign.
She isn't. But Bernie Sanders' campaign just took a cheap shot.
China's shadow banking system thrived in the years after the global financial crisis, until reined in by regulators since 2013. Nevertheless, new forms of shadow banking are emerging.
At the same time, prolonged monetary ease has encouraged the buildup of excesses in financial risk-taking. This has resulted
Global financial stability is improving -- we have begun to turn the corner. But it is too early to declare victory as there is a need to move beyond liquidity dependence -- the central theme of our report -- to overcome the remaining challenges to global stability.
As Paulson says with regret in the film, that program had a worse approval rating with the public than torture. People were asking, "Why were those fat cats being given money while I am losing my house?"