The Mistake That Turned Out to Be a Mistake

Larry summers who has treasury secretary played a critical role in the deregulation of derivatives became president of harvard in 2001 while at harvard he made millions consulting to hedge funds and millions more in speaking fees. frederick michkin who returned to columbia business school after leaving the federal reserve reported on his federal disclosure report that his net worth was between six million and 17 million dollars in 2006 you co-authored a study of iceland's financial system right iceland is also advanced country with excellent institutions low corruption rule of law the economy has already adjusted to financial liberalization while prudential regulation supervision is generally quite strong. That was the mistake that turns out that uh...