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Post by a on Apr 22, 2012 17:48:53 GMT -5
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Post by Coldwarrior on Apr 22, 2012 19:50:26 GMT -5
I saw the first part of this some time ago. A lot of these people should be in jail. Alan Greenspan ignored the warning with his unshakable trust that the markets would correct themselves. After millions of people lost their jobs and homes he testified that he didn't factor in corruption as a market influence and he was sorry. Small consolation "Sorry" does for the people who lost their homes. A few of the more re known schools of economics plugged int the data leading up to this crises. They couldn't get any of their models to work like the actual economy, They didn't factor in corruption either. What they did about is in their masters programs there is a required course on "Ethics". Like that is going to change the avaricious nature of the business executives.
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Post by a on Apr 23, 2012 8:04:19 GMT -5
It was unbridled greed!
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Post by a on Apr 23, 2012 15:34:08 GMT -5
Watch now: A Financial Crisis Will Happen AgainRegulators are not up to the task, warns the president of the Dallas Fed. video.pbs.org/video/2218309385
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Post by a on Apr 23, 2012 15:38:20 GMT -5
Watch now: Dodd-Frank Legislation is "Impracticable" A top regulator says financial reform is too complicated and leaves the system at risk. video.pbs.org/video/2218309383
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