"To put it bluntly, as this book does: the efficient-market hypothesis does not work. It never has. Markets are not self-correcting. Left to their own devices, bankers at the biggest institutions can’t seem to stop themselves from speculating with borrowed money until they inevitably crash the system."
Louis Uchitelle in The New York Times reviews Simon Johnson and James Kwak's 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown.
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