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  The New York Times on Europe A front-page news article in today's New York Times takes a look at Europe's sovereign debt woes and places the blame firmly on regulators, not bankers. From the article: "How European sovereign debt became the new subprime is a story with many culprits, including governments that borrowed beyond their means, regulators who permitted banks to treat the bonds as risk-free and investors who for too long did not make much of a distinction between the bonds of troubled economies like Greece and Italy and those issued by the rock-solid Germany." More: The New York Times on Europe A front-page news article in today's New York Times takes a look at Europe's sovereign debt woes and places the blame firmly on regulators, not bankers. From the article: "How European sovereign debt became the new subprime is a story with many culprits, including governments that borrowed beyond their means, regulators who permitted banks to treat the bonds as risk-free and investors who for too long did not make much of a distinction between the bonds of troubled economies like Greece and Italy and those issued by the rock-solid Germany." More:
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Liz AldermanAge:
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