One of the most amazing aspects about the Berlin Wall’s sudden collapse 20 years ago was that no one lost their nerve. Not a single shot was fired. The Cold War ended with the biggest street party Berlin, or any city anywhere, has ever seen.
Global News Journal
One thing we’ve learnt from the crisis is that if something sounds funny it probably is. All that talk about slicing and dicing subprime debt to turn it into triple-A securities was hard to understand at the time and now we know it was just the 21st century equivalent of alchemy.