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The GFC isn't over by any stretch of the imagination

Stock markets might be on an upward trend, but cooler heads are counselling that the GFC, as it has come to be known, hasn't really passed yet.

"The managing director of the International Monetary Fund, Dominique Strauss-Kahn, 60, talks to SPIEGEL about Wall Street's unwillingness to learn lessons from the financial crisis, the future of the global economy and his ideas for a new role for the IMF as a global financial safety net."

There are many who see the bad ways of the past returning. truthdig reports in "Nothing has Changed on Wall Street":

"A year after Lehman Brothers went under—taking a big chunk of the economy with it—the deregulation and lax oversight that enabled the crisis are still a problem. According to this New York Times report, things might even be worse."

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