A year after Lehman, what have we learned? Not much, Simon Johnson says. "Mr. Bernanke’s Fed has...

|By:, SA News Editor

A year after Lehman, what have we learned? Not much, Simon Johnson says. "Mr. Bernanke’s Fed has shown that, when the chips are down, it can save the financial system even in the face of unprecedented global panic. But this will now just encourage more reckless risk-taking going forward. In the absence of full re-regulation of the financial system, the Fed’s policies are asking for trouble."