, Columnist
Fear Has Made Banking Too Boring
Regulation has deprived emerging markets of desperately needed infrastructure finance.
Countries such as Sri Lanka are taking on Chinese-built projects for a reason.
Photographer: Atul Loke/Bloomberg
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Bloomberg Opinion marks the 10th anniversary of Lehman’s bankruptcy with a collection of columns from around the world. Read more.
As bad as the 2008 crisis was, the cure could be worse. After Lehman Brothers fell and the U.S. government stepped in to rescue finance from its worst instincts, many demanded that banking become “boring” again. Stolid lending, it was argued, was what banking should be all about.