Despite these yawning imbalances, they say, “financial wizards” managed to convince themselves and the world’s politicians that they had found clever ways to spread risk throughout financial markets -
Well, yes, they certainly did spread the risk, this is true. Not enough though….
1 response so far ↓
1 Luis Enrique // Jul 28, 2009 at 10:37 am
Mark Thoma has just written about spreading risk – you might be interested
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