The situation in Greece seems to have blown over for now, and China’s stock market has been pushed to the back burner. If these things can’t or won’t start a global financial crisis, what could or would?
After the 2008 financial crisis, Washington was up in arms about the risks it perceived banks had taken, and wanted to something, anything, about it. Well-intentioned, but not necessarily financially savvy, politicians drew up a litany of new regulations to make sure the big bad banks didn’t make the same mistakes again everyone will blame then? (Read the full article as previously published in the Montgomery Advertiser Saturday July 18th…)
The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.