[From Fred Nickols (2008.12.10.0727 MST)]
The message I'm forwarding from the SD list has a link to an interesting article.
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Regards,
Fred Nickols
Managing Partner
Distance Consulting, LLC
nickols@att.net
www.nickols.us
"Assistance at A Distance"
-------------- Forwarded Message: --------------
From: "SDMAIL richard.dudley" <richard.dudley@attglobal.net>
To: System Dynamics Mailing List <sdmail@lists.systemdynamics.org>
Cc: System Dynamics Mailing List <sdmail@lists.systemdynamics.org>
Subject: REPLY PCT and an economic emergency (SD7275)
Date: Wed, 10 Dec 2008 11:40:51 +0000
Posted by <richard.dudley@attglobal.net>
Given the current conversation I thought it would be appropriate to repost
the link
to a paper that I found at this web site:http://www.orie.cornell.edu/orie/people/faculty/profile.cfm?netid=pep4
Title: The Financial Meltdown, How did we get in this mess? by Philip
Protter. September 29, 2008This 6 page article begins with the passing of the (USA) Glass-Steagall act
of 1933 and, over the years, the gradual implementation and subsequent
removal of protections that it and
other laws and regulations had created.I believe that it discusses, without saying so, steps implemented and later
removed that would have dampened oscillations. Not sure about that...- Richard
Posted by <richard.dudley@attglobal.net>
posting date Tue, 9 Dec 2008 09:33:08 -0500
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