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Legal Commentary

: LawPundit

Major Causes of the Financial Credit Crisis : Stanford Magazine Tells the TRUE Story of Brooksley Born : The Rejected Attempt to Regulate Derivatives

By Andis Kaulins

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Paul Krugman, who in 2008 was the sole winner of the Nobel Prize for Economic Science, in his book, The Great Unraveling: Losing our Way in the New Century, chronicles the optimistic 1990s which dissipated into gloom in the 2000s because of "incredibly bad leadership, in the private sector and in the corridors of power." We are not always great fans of Krugman, who was not always as brilliant as he is claimed to be. In the book, he himself writes (quoted from the Wikipedia):"I was no more percep read more

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Full post as published by LawPundit on March 25, 2009 (boomark / email).

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