Inside JobDVD - 2011
From Library Staff
PrincetonPL Apr 29, 2012
Provided is an analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research, and extensi... Read More »
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Markets are inherently unstable, or at least potentially unstable. An
appropriate metaphor is the oil tankers. They are very big; and therefore, you have to
put in compartments to prevent the sloshing around of oil from capsizing the boat. The design of the boat has to take that into account. And after the, uh, uh, Depression, the regulations actually introduced these very watertight compartments. And
deregulation has led to the end of compartmentalization.
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