Mea Culpa and the Abuse of the Virtual Economy’s Freedoms

Dimitris N. Chorafas
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Dimitris N. Chorafas: New York Academy of Sciences

Chapter 8 in Capitalism Without Capital, 2009, pp 159-183 from Palgrave Macmillan

Abstract: Abstract Who has been responsible for the devastation of American homeowners, the destruction of the American Dream,1 and the perilous situation in which the global economy found itself as 2008 came to a close? In short, for the triple whammy? Dr Alan Greenspan said mea culpa, and he should be believed.

Keywords: Hedge Fund; Credit Default Swap; Real Economy; Financial Account Standard Board; Credit Crunch (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-25102-1_8

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DOI: 10.1057/9780230251021_8

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