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home > Tricked Again: How Bad Accounting Triggers Collapse > email a link
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October 9, 2008
In this Bloomberg op-ed, Amity Shlaes compares the role of accounting rules in the current crisis to the Savings and Loans Crisis of the 1980s. The effect of blaming accounting merely postponed the needed implosion because, as today, the structural problem of insolvency hadn't been addressed.
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