Paul Tucker, the deputy governor responsible for financial stability at the Bank of England, on Monday said officials' responses to the crisis were motivated by a sense of shame at having let it happened in the first place.
In a notable expression of contrition, Tucker admitted that central bankers felt shamed by the bailouts and that this response was behind the drive for better regulation. Officials all felt a sense of shame, and regulators were working on new rules that will allow banks to fa
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