FT's John Dizard sees parallels between the housing bubble and the shale gas boom, where the...

|By:, SA News Editor
FT's John Dizard sees parallels between the housing bubble and the shale gas boom, where the biggest producers are more land/lease speculators than energy companies, in how they seek to make money - and they’ve been speculating in a highly leveraged manner. Yves Smith finds it "sad" that finance is now based on "flawed incentives and risk sharing that encourage the manufacture of bad loans."