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Their numbers may look better now, but the liabilities and systemic problems that brought the biggest banks to their knees still threaten them.
One might imagine "the Great Recession" would radically alter the financial system that produced it, yet federal rescue efforts seem to have prevented much change in the status quo. In this interview, Wharton professors Jeremy Siegel and Richard Herring discuss the impact of the stimulus measures, the problems that bedevil the financial system, and the economic outlook.
Wall Street Watch: September marks a number of nefarious anniversaries. We look at the ramifications of last year's Lehman collapse as well as some other controversies roiling the markets, finishing up, of course, with the Friday Funnies. It's good to be backsorta.
The mere threat of a financial firm's failure can dominate headlines and airwaves for days. That's largely because it's seen as so rare. But according to the research of Andrew Kuritzkes, the fall of big financial firms is relatively common.
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