Fixing The Future


I am very concerned about the future of our country's financial industries ; the crisis of 2008 should never happen again. After cautious thought with my classmates, I think that banks should have rigid rules. The main reason the financicial crisis started was because they didnt have precise rules. If banks were to have strict rules, this would be a start to making sure that the crisis does not happen again. Even though this is not the main reason the financial crisis started,it would help people be safer with money. As well as this, the goverment should be more involved with the banks. Bankers should not be paid for giving out more money but for keeping the money safe.Also another reason to stop the financial crisis to happen again is to STOP lending out money to people who can't pay it back.