Christine Lagarde gets tough on Wall Street

Jan 24 2013, 01:11 IST
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SummaryLagarde: The minute the situation improves, people tend to forget the hard times. It is the job of policymakers to realise this, and thus avoid a relapse of 2008.

all, it is usually as the stern enforcer of the sometimes harsh rules of international capitalism. Thatís why we should take Lagardeís call for tougher financial regulation particularly seriously. ďMy hope is that itís improved for the public interest, not for the banksí interests,Ē she told me. ďAnd those are not necessarily one and the same?Ē I asked. She responded definitively and with a warm laugh: ďOf course not!Ē

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