4 ms·
Nothing I have read indicates that was the case. I believe Raganwald above is mostly correct. The major roll that government played, is that by setting the pr
by bokonist 18y ago
Nothing I have read indicates that was the case. I believe Raganwald above is mostly correct. The major roll that government played, is that by setting the precedent of "too big too fail" starting twenty years ago, and by setting interest rates too low, it enabled Wall St to play with far more risk than was wise.