Wall Street’s Mania for Short-Term Results Hurts Economy


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Published in The Washington Post September 11, 2009 by Steven Pearlstein

It’s been a year since the onset of a financial crisis that wiped out $15 trillion of wealth from the balance sheet of American households, and more than two years since serious cracks in the financial system became apparent. Yet while the system has been stabilized and the worst of the crisis has passed, little has been done to keep another meltdown from happening.

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