Financial Crisis: Lessons Learned

Publication Date: February 2010

Publisher: National Center for Policy Analysis (U.S.)

Author(s): Laurence J. Kotlikoff

Research Area: Banking and finance; Government

Keywords: finance; crisis

Type: Brief

Abstract:

There are many critical lessons to be learned from the financial crisis that began in the fall of 2008 and how it has since been handled. The federal government responded aggressively - at a huge cost - but nearly two years later little progress has been seen in the country's economic health. If the nation's financial services industry is to be revived, the system needs to be restructured and rebuilt from the ground up.