Authored by Stephen Moore via The Epoch Times (emphasis ours),CommentaryPoliticians in Washington have the shortest memories.Maybe that’s why they so seldom learn from their sometimes catastrophic mistakes.Giorgio Trovato/Unsplash.comIt was less than 20 years ago that the U.S. economy was flattened by the mortgage and banking crisis. Anyone remember?The experts said that the odds were tiny that the housing market could crash; that the federal housing agencies Fannie Mae and Freddie Mac would never need a ba ...

Bank of America’s boss may be finally getting religion on risk-taking – and it looks like a possible bid to keep his job, On The Money has learned.CEO Brian Moynihan – who has been notoriously cautious leading the nation’s No. 2 bank since the 2008 financial crisis – surprised and delighted insiders and investors alike as he promoted Jim DeMare to group co-president – positioning him as his possible successor.The reception was joyful partly because inside BofA, DeMare is considered the anti-Moynihan: He’s n ...