Economics 101.
People worth listening to... "Fraud As a Business Model" There were many factors that contributed to our recent financial bubble: deregulation, cheap money from the Fed, failure to enforce remaining regulations, crony capitalism, hubris, speculation, leverage, and fraud among other problems.
While fraud wasn't the only issue, it was and is a significant contributor to the credit bubble. Restraining fraud is a necessary but not sufficient condition for a sound financial system. Congressional investigations in recent years have put ample evidence of fraud in the public domain. To illustrate just one type of malicious mischief, Senator Carl Levin (D.
Economy. Forex Markets.