Let’s go back to boring banking

By Rita McGrath

After the Great Depression and through the 1980s, the financial sector was regulated to serve the rest of the economy. Today, it serves mostly itself. It’s time that changed. 

When even Larry Fink is talking about too much short-termism in our economic lives, you know something important is going on—perhaps an inflection point in the making. A lot of what ails us economically, many smart people say, can be sourced directly to the unwinding of rules that kept the financial sector more or less contained.”…

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