Please describe what you think would be the ideal structure for the U.S. financial services industry.
As part of your thought process in the exercise, please assume that:
(1) Financial stability inevitably leads to financial instability so that boom/bust cycles are unavoidable; and
(2) No individual financial institution will be “rescued” in times of crisis by a government agency of any type.
(1) Financial stability inevitably leads to financial instability so that boom/bust cycles are unavoidable; and
(2) No individual financial institution will be “rescued” in times of crisis by a government agency of any type.
Use as many sources as you like, I dont have any specific ones that you need/have to use. But make sure you cite everything properly
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