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Banking Crisis caused by Greed and Fear

Professor Brian Scott-Quinn has described the ultimate cause of the banking crisis with the words: ?greed and fear'

In his interview with Project Manager Today magazine, Professor Scott-Quinn cited many other factors of the world banking system that had inevitably contributed to this crisis we are experiencing. He went on to say that simply reversing the problems that have been caused would not prevent future ones.

He added that markets have always been seen as rational, and that ?If rational expectations are not an adequate model of reality, then policy must take account of actual human nature and not be based on ?rational human man''

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Published 7 August 2009

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