Janet Yellen has made the rather obvious point that the financial markets were regulated after the Crash because the crash was at least partly to do with the fact that the financial markets weren't properly regulated before it. However, in a general sense this is quite obviously correct:Janet L. Yellen, the Federal Reserve chairwoman, delivered a strong rebuttal on Friday to Republican criticism that financial regulation is impeding economic growth. In a speech that amounted to a warning to the Trump administration, Ms. Yellen said that people were forgetting the lessons of the crisis that began a decade ago. This concerns Section 1502 of the Dodd Frank financial regulations and the aim of that section is to deal with the problem of the slave mining of certain minerals coming out of DR Congo. And to a great extent Yellen is right, the regulatory structure for banks probably is better than it was, even if not perfect.

Source: Forbes August 26, 2017 16:30 UTC