We will have to do this, at least, once more before we even try to get it right.” I share Mayer’s concern that the United States is stuck in much the same game that came out so poorly this last time, but with the prospect for an even greater loss in the next game.
We must make sure that large financial organizations are not in position to hold the U.S. economy hostage. But unlike Mayer, I refuse to accept that we must endure yet another crisis before we are willing to finally right the system. 6  BIS central bankers’ speeches