financial crisis

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A phrase heard almost hourly at the conference was “this time is different.”

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Though Canada escaped lightly from the last crisis, we may not be so fortunate in the future.

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As the world wrestles with the sovereign debt crisis in Europe and America—we’ll see if 2012 is any easier than 2011—it’s worth reviewing what caused the last financial meltdown. Of some help is a new book, Reckless Endangerment—How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon.