Relevant:
- On Ben Bernanke's Pathological Inability To Learn From The Lessons Of The Past
- Have We Learned the Lessons of Black Monday? No and Why It Could Happen Again
- The Terrible Lessons of Bear Stearns
- Judge Unloads on Deal SEC Struck with Citigroup; No Lessons Learned, Citi Still Too Big to Exist
- Lessons for Draghi From a Land of Sub-Zero Interest Rates
2008-12-01 — ml-implode.com
"There are two lessons not being learned here: first, artificially low interest rates encourage investors to take imprudent risks. Second, federal insurance guaranteeing their investments does too. Combine the two and you have a witches’ brew that totally disrupts market incentives and puts taxpayers at great risk."
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