The financial crisis: Fresh thoughts

Posted: November 13, 2015 in economy
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The never-ending story

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The financial crisis


A British regulator on the financial crisis

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Between Debt and the Devil: Money, Credit, and Fixing Global Finance. By Adair Turner. Princeton University Press; 302 pages; $29.95 and £19.95.
THE hangover from the debt crisis of 2007-08 can still be felt. Developed economies are growing sluggishly and central banks are maintaining a policy of near-zero interest rates. Debt is still a huge burden on the Western economies, and politicians are arguing about how to deal with it.

Adair Turner was one of the regulators who had to deal with the fallout from the crisis. A classic technocrat, with spells in management consulting and investment banking and as head of the Confederation of British Industry, a lobby group, he took charge of the Financial Services Authority, Britain’s regulator, on September 20th 2008. Only days before, Lehman Brothers had collapsed. He has …

via Economic Crisis


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