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Neil Barofsky Quote: “The same incentives that led to the 2008 crisis are still in place today”

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neil barofsky quote

Neil Barofsky Quote

Neil Barofsky, author of the book Bailout: “The same incentives that led to the 2008 crisis are still in place today and in many ways, the situation is worse. We have a financial system that concentrates risk in just a handful of large institutions, incentivizes them to take risks, guarantees that they will never be allowed to fail, and ensures that executives will never be held accountable for their actions.” (source)

At SwitchYourBank.org, we aim to break up the concentration of banks by encouraging people to support local lenders.

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