• F.M. Scherer


The Banking Industry. F. M. Scherer, September 2014, Paper. "Few industries are so significant that their conduct has a pronounced impact on the overall state of economic prosperity. Banking is the most prominent exception. When it works well, it lubricates the functioning of every other industry and thereby contributes to economic growth. But when it functions badly, the consequences can be grave. And grave they were in the first decade of the 21st Century. The actions of banking industry firms, combined with default by their regulators and imprudence by their customers, were key precipitating factors in America's "great recession"..." Link