Why transparency would have saved us from the 2008 financial collapse

 From my desk at Bear Stearns, where I’d traded mortgage-backed securities for years, I watched as the financial and housing markets crashed in 2008. A few months later, there was no Bear, and my new desk was at J.P. Morgan. It’s easy to think the crisis was a result of “Wall Street got drunk,” as George W. Bush admitted. But I saw a different cause: the financial… Read More