Success Breeds Failure

by Paul Krugman Tuesday, May. 06, 2008 at 1:09 PM
mbatko@lycos.com

Now that the financial clouds have lifted a bit, the pushback against sensible regulation is in full swing. Wall Street did an end run around regulation. There's every reason to believe that the next crisis will be bigger still-and that the Fed won't have enough duct tape to hold things together.

to read Paul Krugman's article published in: Spiegel, 5/5/2008, click on

http://www.spiegel.de/international/0,1518,551410,00.html

Original: Success Breeds Failure