The Next Crash
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