The Ten-Year Crash Anniversary
Published: September 2018
The ten-year anniversary of the 2008 crash and the unprecedented length of the bull (stock) market since then is an opportunity to reflect on the crash’s roots. A result of the bear market between 2000 and 2002 was the Sarbanes–Oxley Act that separated the business of consulting from the conflicting one of auditing. Unfortunately regulators and politicians have not learned their lessons from 2008 in order to correct the real causes of that catastrophe. The aftermath of the 2008 crash has not led to the separation of the ‘one-stop financial shop’ banks, servicing both buying and selling clients.