by Mark Thoma, University of Oregon (Department of Economics)

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Change is in the Air for Financial Superclass

Posted on May 15, 2008

Is the financial superclass about to have its wings clipped? Change is in the air for financial superclass, by David Rothkopf, Commentary, Financial Times: ...The re-engineering of international finance has been one of the transformational trends of our times in just a quarter-century, capital flows became massive, instantaneous and controlled by a new breed of traders representing a handful of major financial institutions from a few countries. Their rewards have transcended any in history as shown by an estimate ... that the top hedge fund manager last year made $3bn. The concent...

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