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Guest Post: Remembering the Financial Crisis and its Causes

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Today’s post is a guest post by Jan Weir, a Barrister from Canada who specialises in Banking and Fraud and who also teaches Business Law at the University of Toronto. On many occasions here in Financial Regulation Matters , and in fact in society in general, we discuss elements of society that have been directly affected by the Financial Crisis, but only mention the Crisis in passing. Whilst this is not done to reduce the understanding that the Crisis devastated society, the passing time has allowed for the actual causes of the Crisis to become so engrained that they are rarely discussed anymore. So, in this guest post, Jan Weir helpfully provides a reflective account to discuss some of the underlying causes to the Crisis so that we can bring them back to the forefront of our thinking when assessing current events – the underlying sentiments and motivations have not changed. Trying to Help the Poor Caused the Financial Crisis As absurd as that sounds when put in a simple sen...