I warned many about the coming crisis, long before it happened, on many occasions and in many places, even at the World Bank. The regulators did not want to listen and that´s ok, it usually happens, but what's not ok, is that they still do not seem to want to hear it. “We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.” (Plato: 427 BC – 347 BC)
Friday, August 8, 2008
The financial markets are not free
We will not have free financial markets while our financial regulators insist on supporting and empowering the financial risk information cartel that puts up traffic signs all over the word, supposedly showing the route to different risk areas.