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The financial crisis and the blame game

Market participants might be better off focusing on how to prevent the next Great Financial Crisis instead of looking for someone to blame for the last one

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After almost two years as editor of Credit, prior to which I spent two years on our sister publication Risk, it is time for me to bid you, dear readers, farewell. Please, no tears. And apologies if my last editor’s letter veers into self-indulgent territory, but when leaving any job the temptation to look back and reflect is hard to resist.

My four years here coincided with what was certainly the

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