The global financial crisis is the result of complex financial instruments that were beyond comprehension to many. Various economic theories based on the economic patterns have proved and defied the consequences were the result of misguided federal actions. If greed is intrinsic to human nature then how could only a body of policy makers have controlled the looming recession. Had everybody involved taken a holistic approach in their respective paradigm would have helped prevent this turmoil. The prevailing situation is a lesson well learnt for many.
Tag: Alan Greenspan