Tagged with: derivatives
The root cause of the recession
Paul Sweeney 05/05/2009
Paul Sweeney: Too much competition can be bad. It is heresy to most liberal economists, but the low interest rate and liberalisation of markets did generate intense competition between financial institutions which led to this crisis. It happened in the US and it happened in Ireland. In Ireland Seanie Fitzpatrick and his boys in Anglo Irish were so …
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Dr. Shana Cohen is the Director of TASC. She studied at Princeton University and at the …
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