"The U.S. financial sector, once the emblem of our economic success, has failed us. Financial markets are supposed to allocate capital and manage risk; instead, they squandered capital and created risk. Even more galling, the banks' chiefs raked in private rewards totally out of whack with what scant good they were doing for the wider society."
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http://www.washingtonpost.com/wp-dyn/content/article/2008/11/06/AR2008110602997_pf.html
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