In 2008, as major financial institutions across the globe were on the verge of collapse, governments intervened by bailing out banks that were “too big to fail”.
Six years on, history may be repeating itself. Has Big Finance changed at all? Are the signs pointing to another crisis?
Despite the bailout, little has changed; in the United States: 11 of the 15 banks that received the most bailout money are larger than they were before the recession.
In this week’s Reality Check, Mehdi Hasan explains why we may be heading for another financial meltdown.
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