Comment on Could the financial crisis happen again?

Could the financial crisis happen again?

The smartest insight and analysis, from all perspectives, rounded up from around the web: "Everything solid in the American economy turned out to be built on sand," said George Packer at The New Yorker. The collapse of the investment bank Lehman Brothers 10 years ago presaged a crisis that had "a lasting impact on American political life." Following Lehman's failure, the Federal Reserve stepped in as banks such as Citigroup seemed on the edge of collapse, and corporate giants like General Motors and Chrysler teetered.

 

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