The global financial crisis opened the world’s eyes on how dependent we were on the big banks.
Today, we could be held as much hostage to the banking system as we were before, if not much more. As several countries push for a dematerialization of payment means, have we already forgotten the lessons learned after the crash?
Many of the major banks in the U.S or in Europe still haven’t recovered fully from the multiple crashes and the collapse that shattered the system worldwide. At the time, many citizens realized how fragile the banking system was and they lost their trust.
After Lehman Brothers’ bankruptcy many swore that never again they would allow the banks to play with their money like they had in the past.
Read Entire Article »
Today, we could be held as much hostage to the banking system as we were before, if not much more. As several countries push for a dematerialization of payment means, have we already forgotten the lessons learned after the crash?
Many of the major banks in the U.S or in Europe still haven’t recovered fully from the multiple crashes and the collapse that shattered the system worldwide. At the time, many citizens realized how fragile the banking system was and they lost their trust.
After Lehman Brothers’ bankruptcy many swore that never again they would allow the banks to play with their money like they had in the past.
Read Entire Article »
