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July 30, 2010

Three Years Later, the Markets Are Masters Again

Philip Stephens, Financial Times

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By Philip Stephens

Published: July 29 2010 21:39 | Last updated: July 29 2010 21:39

It has been three years since the roof started to fall in. And only a year and a bit since the more faint-hearted stocked their cellars with bottled water and canned food lest the financial crash presage a descent into anarchy. So what has happened since? Simple: not much. The markets (and the bankers) still rule.

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TAGGED: ratings agencies, credit crisis, Wall Street, Banks, Philip Stephens

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