Friday, January 2, 2009

Financial crisis - 12 Reasons


Time Magazine

After a year of epic financial crisis, 2009 will — if all goes well —be a time for digging ourselves out of the mess and figuring out how to prevent a repeat. Before we can do that, we have to have some idea of what went wrong. People are still arguing about what caused the Depression of the 1930s, so don't expect a definitive diagnosis anytime soon. But here's my current list of blame, or at least the first dozen items on it, in descending order of culpability.[...]

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