It seems crisis root cause might be corruption. Indeed, some mails show collusion between Wall Street firms and credit rating agencies who are needed to be able to sell some assets - because these agencies give score to them - to, for example, the pension funds. Question is then, how can we limit corruption at that level? Of course, what comes directly to my mind is … how one could yet think “free” market is working?! Whatever it be communism or capitalism, both are idealized view of the world and none works as theory predicts. We *must* deal with human imperfections … that’s what I expect from governments.
