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Krugman On How We Innovated Our Way Into A Financial Crisis Worse Than...

nytimes.com — The financial crisis that began late last summer, then took a brief vacation in September and October, is back with a vengeance. How bad is it? Well, I ’ve never seen financial insiders this spooked. Market players seem truly horrified — because they’ve suddenly realized that they don’t understand the complex financial system they created.

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