New Bank Rules Won't Stop Bailouts

They're likely to have unintended consequences, and may still leave governments on the hook.

Please be more specific.

Photographer: David McNew/Getty

Since the 2008 financial crisis, policy makers around the world have put new rules in place to make banks less risky and more transparent. They're confident that these changes have made the financial system safer and eliminated the need for taxpayer bailouts. But as Julius Caesar said: "Men willingly believe what they wish to be true."

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