Following the crisis, nobody actually pinpointed its cause and hence where the deficiencies were. There were knee-jerk reactions to say hedge-funds caused it with leverage, they’re bad and must be regulated…. but nobody looked at the fact that the market created a load of products that nobody understood, and then failed to manage them properly.
Julian Korek — Following the crisis, nobody actually pinpointed its cause a
Following the crisis, nobody actually pinpointed its cause and hence where the deficiencies were. There were knee-jerk reactions to say hedge-funds caused it with leverage, they’re bad and must be regulated…. but nobody looked at the fact that the market…