And the banking system is much healthier now than in the 1980s, when financial liberalisation spurred reckless lending.
MEPs want banks to hold more money in their reserves, in order to stop them going bust through reckless lending.
The previous boom brought double-digit growth and reckless lending, followed by a construction bust and a 14% fall in GDP.
Knowing that help is available might induce governments to continue reckless policies and, even more dangerously, encourage the financial markets to continue reckless lending.
Worried that all that pent-up credit would fuel reckless lending or inflation, the Fed simply doubled the reserve requirement, transforming excess reserves into mandatory ones.
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During the past decade, Citi has become synonymous with financial misjudgment, reckless lending, and gargantuan losses: what might be termed asset denuding rather than asset building.
Many believe that Spain's banks have still not owned up to the full scale of the losses they face on reckless lending to property developers and businesses.
But everyone agrees reckless lending wrought financial horrors.
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But those of us with longish memories wonder if we are not just seeing a repeat of the rather amateurish and reckless lending practices that characterized the Japanese banks in the U.S. in the 1980s and 1990s.
Or at least that would appear to be a legitimate conclusion of how the Big Four failed to disclose the reckless lending and investing of banks in the boom years before the great banking crash of 2008.
All that mis-selling and all that reckless lending in the boom years that hobbled the economy seems to have so undermined the trust and respect of banks' customers that few seem to think twice before putting in a flimsy demand for compensation.
In the run-up to the financial crisis, we had a housing market that was reckless about lending money.
In addition, he criticised the reckless bank lending of the past.
As less-educated Americans saw their incomes fall, he suggested, politicians encouraged reckless mortgage lending so that poorer folk could keep up their living standards by borrowing.
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And what of the Spanish government's supposedly bold plan to inject 19bn euros of new capital into Bankia, the country's largest pure retail bank, laid low by reckless property lending?
The European Commission said its new mortgages directive would prevent any repeat of reckless home loan lending of the past.
With a new securitization infrastructure, DeMarco is proposing a building block for an ultimate revamp of U.S. housing finance, an industry crippled by misaligned incentives, shoddy lending and the reckless money grab that helped feed the bubble leading to the 2008 crisis.
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One is a financial crisis, born of reckless speculation that threatened to choke off lending to families and to businesses.
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One was a financial crisis, brought on by reckless speculation that threatened to choke off all lending.
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The lending was often careless (the government guarantee of virtually all deposits gave banks more incentive to be reckless).
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