Bankers' greed and supervisors' folly
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. Full Story »
Posted by Kaizar Campwala
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.