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PAUL KRUGMAN: Money for Nothing

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At www.nytimes.com

why did some bankers suddenly begin making vast fortunes? It was, we were told, a reward for their creativity — for financial innovation. At this point, however, it’s hard to think of any major recent financial innovations that actually aided society, as opposed to being new, improved ways to blow bubbles, evade regulations and implement de facto Ponzi schemes.

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At www.nytimes.com


 

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"why did some bankers suddenly begin making v... by Sister Begonia on Tuesday, Apr 28, 2009 at 3:33:41 PM