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by Aqueous
4593 days ago
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It wasn't the monopolisation of currency or governmental regulation that caused the financial crisis - it was derivatives, and too many people using them off-load their risk to too few people(i.e., AIG) You can avoid this by attracting a large number of risk-takers who diversify their holdings. But, that doesn't obviate the fact that too little derivative regulation caused the financial crisis, not too much. |
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