Failure to reform finance is “terrifying”
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.
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