Goodbye, Financial Repression - Hello, Financial Crash

Somebody in the USA should have read Carlos Diaz-Alejandro's classic piece on deregulation and crisis in Latin America.

And now it's the US's turn: here are some details: Seven Deadly Sins of Deregulation -- and Three Necessary Reforms

Also read excerpts from Warren Buffet on the derivatives time bomb.
and John Gapper (out of the Financial Times) on the AIG bailout: greed beyond irresponsible.