Pensions & Investments | August 20, 2018
By Hazel Bradford
Sarah Bloom Raskin believes one of the worst aspects of the crisis was the lack of a coordinated response from Washington.
Ten years ago, as risk-taking in the financial sector was growing, Washington regulators either weren’t looking, didn’t know what they were looking at, or weren’t sure what to do about it, Washington observers said.
Now, as memories fade, there is a call for revisiting, if not undoing, some measures put in place to prevent another crisis.
“One of the worst things was that agencies were working alone,” said Sarah Bloom Raskin, who served as a Federal Reserve Board governor from 2010 to 2014, when she was appointed deputy secretary of the Treasury Department until 2017.