Sunday, November 06, 2011

Another Sunday Read - Financial Crisis Edition

Here is a good article in today's Washington Post about financial crisis revisionist history.  The article is good because I agree with its premise.  The financial crisis, at its core, was fueled by the quest for yield, caused by artificially low interest rates, combined with an economic environment that masked the real underlying risk of many securities.  This also caused investors to relax their guidelines.  Blaming the government instead of honestly examining the real reasons for the crisis will ensure future crises.

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