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News Link • Economy - Economics USA

Financial Reforms 'Cosmetic,' Won't Stop More Crises: Roubini

CCurrent efforts to reform financial regulation are “cosmetic” and won’t prevent another crisis, economist Nouriel Roubini told an audience on Tuesday at the London School of Economics. “The way I think about this crisis is not in terms of black swans (a sudden, rare event), but white swan events," Roubini said. "Crises are much more common than we think.”

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