a curious Yankee in Europe's court

blog about living in Europe, and Italy

Failure to reform finance is “terrifying”

Posted on the March 3rd, 2010

Where are the good guys when it comes to financial reform? Nowhere in sight according to this Yahoo! Finance video interview yesterday with Martin Wolf, chief economist for the Financial Times (“Goldman-Greek Deal “Completely Scandalous” … and Legal” Mar 2, 2010).

Referring to the world’s political leaders’ promises of financial reform, Wolf says it now looks like there isn’t going to be reform of any significance:

I find that after a crisis of this scale that’s simply terrifying, simply terrifying.

Reader Comments (0) Comments Off on Failure to reform finance is “terrifying”