This is an excellent summary of the events, players and human behaviours leading up to the financial crisis that hit in 2007 and that we are still working our way through today. As we watch this series we should understand that this is not a crisis that is past, this is a crisis that the world is still struggling with and will be for a few more years. But we must be clear: the pain is not because the bubble burst, that was and is inevitable, the pain is because the world allowed it to balloon in the first place. Now it is up to all of us to admit and understand the errors so that we can learn and change our thinking, behaviour, laws and leaders. In this way all of this pain will not be in vain.
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Bleeding the Patient, Modern Economics and the Symbolic Economy
http://www.oftwominds.com/blogsept11/bleeding-science-Fed9-11.html