US Weighs Rollback of Bank Regulations: Another 2008 Crisis Looms?

Concerns grow over the potential for another 2008-style financial crisis as the US government considers rolling back bank regulations. Fed Chair Jay Powell and Treasury Secretary Janet Yellen have both publicly supported the move, a decision that has raised concerns among financial experts and the public. "This is a reckless decision that could have devastating consequences," says Justin Moore, a former Goldman Sachs and Google employee, in a recent video. Moore's video highlights the potential for banks to engage in riskier activities with less regulatory oversight, echoing similar concerns raised by other financial analysts. While the government argues that the rollback is necessary for economic growth, critics fear a return to the conditions that led to the 2008 crisis. The situation remains tense, with many anxiously awaiting the outcome of this policy decision.