Oct 19 2007
Engineered Euphoria
From the Oct 2, 2007 House Financial Services Comittee in the US
“Although the particulars are different, our reading of financial history suggests that the abuses and risks are all too similiar and enduring. When you strip them down to their essence, they are variations on a few hardy perrenials - excessive leveraging, misrepresentation, insider conflicts of interest, non-transparency, and the triumph of engineered euphoria over eidence”
- Robert Kuttner, Financial Commentator
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