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A worker cleans the glass exterior next to the logo of RBS (Royal Bank of Scotland) bank at a building in Gurugram on the outskirts of New Delhi, India, September 8, 2017.

Emails show RBS bankers joked about destroying the US housing market before 2008

Email transcripts released by the US Department of Justice (DOJ) show RBS bankers joking about destroying the housing market before the 2008 crash.
From left: Ben Bernanke, Timothy Geithner, and Henry 'Hank' Paulson.

The 3 men who steered the US through the 2008 crash think we’re forgetting lessons from the crisis

Henry Paulson, Timothy Geithner, and Ben Bernanke have warned that the lessons of the 2008 financial crisis are in danger of being forgotten.

PAUL TUDOR JONES: The next recession will be ‘frightening’

Monetary and fiscal policy is unsustainable and the next recession will be "really frightening," legendary US investor and hedge fund manager, Paul Tudor Jones, told Goldman Sachs CEO Lloyd Blankfein in an interview on Monday.

Debt ‘contagion’ in Argentina and Turkey is spreading to other countries

The sell off in Argentina and Turkey presents risks of wider contagion to other countries and has already spread to Lebanon, Columbia and South Africa, an Institute of Financial Research (IIF) report has said.
Former senior International Monetary Fund (IMF) official Carlo Cottarelli speaks to the media after a meeting with Italy's President Sergio Mattarella at the Quirinal Palace in Rome, Italy.

The euro is bouncing back but analysts say it won’t last

The euro is attempting to bounce back on Wednesday after its rapid decline amid the Italian markets crisis. Despite a bullish start to the day analysts have suggested the return is unlikely to hold.
Britain's Chancellor Alistair Darling leaves the Treasury to go to the House of Commons to deliver his pre-budget report, in central London November 24, 2008.

‘It sent a tremor down my back’: Alistair Darling reveals how Britain came within hours of the ‘breakdown of law and order’

If you can't get your money you can't buy food, you can't buy petrol etc. There was a grave risk of going from an economic crisis to a political crisis, where you have a breakdown of law and order. We were that close to the brink."
Alistair Darling.

The man who guided Britain through the 2008 financial crisis worries cyber attacks could trigger the next crash

Former British Chancellor Alistair Darling said it would be a "profound mistake" for governments and institutions to ignore the possibility that another crisis could be just around the corner.
A US forestry firefighter cools a burning modular home to protect a nearby structure in Deerhorn Valley as the Harris Fire continues growing beyond 70,000 acres on October 24, 2007.

Central bankers are like ‘pyromaniac firefighters’ and they are lighting another blaze

Central bankers are like "pyromaniac firefighters" creating crisis after crisis in the financial system. The blame for the 2008 financial crisis rests with the central bankers who don't understand modern financial markets and are using tools from 1965 to maintain them, said Daniel Lacalle.
Argentina's President Macri arrives for a news conference in Buenos Aires

‘Everything’ in Argentina is 20% to 30% overvalued and a crisis is on the way, according to an economist

A financial crisis has been building in Argentina for years, but was hidden by an inflationary bubble which politicians refused to look at because they wanted to "avoid the pain," said Daniel Lacalle, chief economist at Tressis SV and a fund manager at Adriza International Opportunities.
Argentina's president Mauricio Macri speaks during a meeting with Chile's President Michelle Bachelet at the government house during his official visit in Santiago

Argentines in shock as the government returns to the IMF for an emergency $30 billion loan

Argentina is seeking emergency credit from the International Monetary Fund (IMF) in an effort to prevent another financial crisis, after three consecutive interest rate rises last week failed to stop the decline of the Argentine peso against the dollar.