Broken Bargain by Kathleen Day

Please visithttps://thebookvoice.com/podcasts/2/audible/40145to listen full audiobooks. Title: Broken Bargain Author: Kathleen Day Narrator: Bernadette Dunne Format: mp3 Length: 15 hrs and 41 mins Release date: 08-13-19 Ratings: 4.5 out of 5 stars, 9 ratings Genres: Banks & Banking Publisher's Summary: In the 1930s, battered and humbled by the Great Depression, the US financial sector struck a grand bargain with the federal government. Bankers gained a safety net in exchange for certain curbs on their freedom: transparency rules, record-keeping and anti-fraud measures, and fiduciary responsibilities. By the free-market era of the 1980s and 90s, however, Wall Street argued that rules embodied in New Deal-era regulations to protect consumers and ultimately taxpayers were no longer needed - and government agreed.

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