IMO excellent take on the cause of the financial crisis.
Ross Levine, Professor of Economics at Brown University.
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Old regulations, financial innovation, wrong incentives
Re: Old regulations, financial innovation, wrong incentives
IPS | Pro-Austerity CEOs Rake in Taxpayer-Subsidized Pay
Ordinary Americans who rely on government retirement benefits are actually subsidizing runaway CEO pay.
May the gods preserve and defend me from self-righteous altruists; I can defend myself from my enemies and my friends.