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Don’t blame the New Deal for today’s financial crisis

IHT - It was in the Bush years that anti-regulation and deregulation found full expression, fueled by an ideology that markets know best, government hampers markets, and problems will fix themselves. America is now painfully relearning that the opposite is true.

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Hedge fund chiefs blame the system for financial crisis

Financial Times - The statements by George Soros and others suggested that hedge fund executives and lawmakers were reaching a consensus in the wake of the credit crisis that the status quo, in which the funds largely escape scrutiny, was no longer tenable.

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Crisis Creates a New German Politics

Spiegel - The effects of the worldwide economic crisis are leading to a new globalization in politics. German Chancellor Angela Merkel is seeking unity in Europe to deal with the financial crisis, while at home consensus and cooperation are the new watchwords. Is it the beginning of a new politics?

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The World According to Josef Ackermann

Spiegel - The CEO of Deutsche Bank Josef Ackermann is justifiably proud of the fact that his bank has so far been able to weather the financial crisis better than many of its competitors. But he still hasn’t won any sympathy points. Perhaps his self-image is to blame.

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