Lessons Learned

Photo: Mr. Dickie - Blackwater Falls, WV

The Great Depression ... taught the country ... the need for thorough financial regulation to curb fraud and excessive leveraging of risk.  Yet the Reagan administration unleashed a process of dismantling that regulation.  (Jeffrey D. Sachs, The Price of Civilization, p. 61)

******

Ask yourself these questions.  

• Did you see it coming?  
• If not, why not?

Mr. Dickie

18 January 2012