Get Rich Quick Over Market Reform

Denis Marcadet parle à l’Agence France Presse (AFP).

TheJakartaGlobe.com – 08/11/2010 By Luc Olinga

Paris. The Group of 20 countries, meeting this week, were supposed to have stamped out the financial market abuses at the heart of the global crisis but little seems to have changed since their last summit. Analysts said hopes for reform after the market chicanery that brought down a series of “too-big-to-fail” banks and sparked the worst slump since the 1930s have faded with the return of the “get rich quick” mentality.

“The bad old habits have come back much faster than was expected,” said Denis Marcadet of Vendome Associes in Paris. “Make a lot of money, and quickly, is the refrain again”, he said. ” (…)

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