Monday, May 05, 2008
Krugman sounds a warning.
Nobody wants the bad times to continue, but sometimes it works out better that way.
Cross your fingers, knock on wood: it’s possible, though by no means certain, that the worst of the financial crisis is over. That’s the good news.Even after the Democrats take over in January, Cheesy Chuck Schumer, Wall St.s favorite protector, will be an influential dude.
The bad news is that as markets stabilize, chances for fundamental financial reform may be slipping away. As a result, the next crisis will probably be worse than this one.
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