Last friday, Seb - my officemate at CASE - passed me on a link to the slides below. I am passing on as well. This cartoon on the origin of the financial crisis explains all that economists and business journalists have systematically failed to explain. Plus... these figures bring a great deal of support to a recent thought of mine: the next time I'll have to open a bank account I'd rather ask Walt Disney than a credit rating agency.
The view from Zacheta
domenica 5 ottobre 2008
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