Leeds Reforms
In 2008, we saw banks collapsing, economies going into reverse, and millions of ordinary people losing their homes, jobs, and savings. At the heart of the catastrophe was banking deregulation – this created a kind of financial Wild West where unchecked risk-taking and a loosening of consumer protections led to devastating consequences.
The promise had been clear: loosen the red tape and get prosperity and growth. Instead, we got chaos and the nearest thing to a complete financial meltdown since the Great Depression of the 1930s. That was 2008, and now, 17 years later, I’m getting déjà vu…
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