Christine Lagarde gets tough on Wall Street

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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. That’s why we should take Lagarde’s call for tougher financial regulation particularly seriously. “My hope is that it’s improved for the public interest, not for the banks’ interests,” she told me. “And those are not necessarily one and the same?” I asked. She responded definitively and with a warm laugh: “Of course not!”

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