Diversity in the Institutions of the Financial System

What causes bubbles and crasses is hurt behavior. Everybody doing the same thing, he says. That's why we get all this crisis. The mot similar financial institutions see risk, they more similarly. They will react to the more prosiical,. in the technical language, they become. All buying, all sell at the same time. So if you want diversity, your objective is to make them see the world differently"