Six years ago this week — on March 10, 2008 — the collapse of Bear Stearns served as a grand prelude to the full-blown financial crisis that erupted a few months later. Fittingly, almost as a cosmic bow to this anniversary, a new revelation of fraud last week provided another reminder of how little our markets have changed to reduce the risk of similar implosions.
Published in The Fiscal Times (March 11, 2014)
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