Bankers' greed and supervisors' folly

Asia Times - by Hossein Askari, Noureddine Krichene - Nov. 18, 2008 (Special Report)
We are smack in the middle of a crisis that will only get much worse before getting better, a crisis that could entail the worst recession since the Great Depression and one that could reverse much of the gains from globalization. Policy makers need to react more quickly than they have to contain the crisis from becoming much worse than currently envisaged. An often-overlooked resource is the past. More »
Review | Like | Submitted by Kaizar Campwala
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3.1
by Derek Hawkins - Nov. 18, 2008 - See Full Review (11 answers)
Notes: This does a decent job setting up the Third World debt crisis and the current global economic crisis as parallels. But it's far too long and wordy to be of much use to normal news consumers. The two authors are obviously qualified to discuss this topic, but the writing could have been more concise and palatable. There are a couple unnecessary rhetorical questions, and some exclamation points around the middle of the first page that don't exactly keep the tone sober and neutral. Just ... More »

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3.7
by Kristin Gorski - Nov. 18, 2008 - See Full Review (12 answers)
Notes: A very in-depth analysis by two experts of where fault for the current economic situation lies -- and concrete recommendations for fixing it.
Comment: The authors write, "An often-overlooked resource is the past." Absolutely. I keep wondering when leaders will turn to history in developing policy ... More »

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4.2
by abe wajngold - Nov. 18, 2008 - See Full Review (5 answers)

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Submitted by Submitted by Kaizar Campwala - Nov 18, 2008 - 7:09 AM PST
Reviewed by Derek Hawkins (review), abe wajngold (review), Kristin Gorski (review)
Edited by Kaizar Campwala - Nov 18, 2008 - 7:09 AM PST
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Comments
The authors write, "An often-overlooked resource is the past." Absolutely. I keep wondering when leaders will turn to history in developing policy and solving problems; some patterns do tend to repeat.
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