The Post-Crisis Elephant in the Room
The global financial crisis that began in August 2007 resulted from a massive, unavoidable cognitive mistake on the part of not just bankers, but also the regulators who wanted to prevent it. Ten years later, few are willing to admit this fact, let alone explore what is needed to prevent another disaster.
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LONDON – The global financial crisis that began in August 2007 resulted from a massive, unavoidable cognitive mistake on the part of regulators and bankers. It is now ten years later, and yet few are willing to admit this fact, let alone explore appropriate remedies.