BURLINGTON, VT (MarketWatch) — This summer marks the fourth anniversary of the beginning of the financial crisis that led to America’s recent Great Recession. In the summer of 2007, the first warning tremors were felt in our credit markets, and U.S. citizens began to learn about terms like mortgage-backed securities, subprime loans and credit default swaps.
As we look back four years later, we need to ask: What have we done as a nation to ensure that we do not suffer from another financial crisis? Two solutions are clearly required: new regulations on the financial-services industry as well as personal-finance education of our citizens. Progress has been made on the regulatory front — but little has been done on the education front...
To continue reading, view John's full article from July 26, 2011 on Marketwatch here.
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