” … in her analysis, Henriques demonstrates how Black Money was the predicate to the financial crisis of 2008. Investors, regulators and bankers failed to learn from the pain of 1987, even as the same patterns resurfaced. And today the regulatory system remains Balkanized, and all of the ‘major mutations that were central elements of the Black Monday crisis have been more deeply embedded in Wall Street’s genetic code.'”
See the full interview here.
“What we have failed to recognize is we’re regulating as if we still have this mom-and-pop stock market where stocks trade over here, and bonds trade over there, and derivatives trade over here. That’s gone with the wind. That is not coming back. It was gone before Black Monday.”
See the article page here.
“If you really looked into it, what happened and how it happened, you could see the future. You could see the future we’re living in right now.”
See the full article here.
Link to WGN page here.
Image: Elif Geris/WGN Radio
Black Monday was a crash that allowed
Wall Street and Washington to look into
the future, if they dared.
Read the full article here.
“She writes that this was due to missed opportunities, market delusions and destructive actions that stretched from the ‘silver crisis’ of 1980 to turf battles in Washington.”
See the show page on wnyc.org.