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The Next Crash

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Quote of the Day
December 20, 2013

'Despite the subsequent decision of the Group of 20 in 2009 on the need for rules to supervise what is now a globally integrated financial system, world leaders have spent the last five years in retreat, resorting to unilateral actions that have made a mockery of global coordination. Already, we have forgotten the basic lesson of the crash: Global problems need global solutions. And because we failed to learn from the last crisis, the world’s bankers are carrying us toward the next one.'

Gordon Brown, a Labour member of
the British Parliament, is a former
chancellor of the Exchequer and
prime minister