“Where there is no vision, the people perish.” Proverbs 29:18 Recall the Great Recession (2008–10), buoyed by a housing and mortgage crisis created by imprudent lending practices, and then the music stopped. In its inimitable wisdom, the government came in legislatively and regulatorily, via Dodd-Frank, crafting what they thought was a belt-and-suspenders approach to avoiding another debacle. Certain banks were redefined as systematically important financial institutions (SIFI), to be protected at all costs, while establishing
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