How is this possible:
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One year after the collapse of Lehman Brothers, the surprise is not how much has changed in the financial industry, but how little.
So now that the planetary panic has subsided, is it too late for institutional change? This is the passage from Alex Berenson's saturday's NYT article that caught my eye:
Robert J. Shiller, the Yale University economics professor who predicted the dot-com crash and the housing bust, said the window for change may be closing. "People will accept change at a time of crisis, but we haven't managed to do much, and maybe complacency is coming back," Professor Shiller said. "We seem to be losing momentum."
And Greens wonder why it's hard to get traction on climate change.
