1.0 link 144437 http://www.huffingtonpost.com/george-cooper/an-explanation-of-the-cur_b_144437.html This past weekend's summit of world leaders in Washington represents another step in the painful process of fixing today's financial crisis. As our leaders go about this formidable task they would be well advised to consider some of the unintended consequences of previous attempts to fix credit crunches, and how some of those 'fixes' inadvertently contributed to today's problems.

The first lesson concerns the dangers of state subsidised lending, a story that goes right back to the...

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