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FinFacts:
Global Financial Crisis: Warnings of danger from 2001 and a Fed all bark but no bite - with monumental consequences

25 November 2008

The 82-year-old monarch had the main aspects of the current global financial crisis explained to her during the inauguration of a new building at the London School of Economics (LSE). The origins and effects of the crisis were explained to her by Professor Luis Garicano, director of research at the LSE's management department, the Press Association reported. Prof Garicano said afterwards: "The Queen asked me: 'If these things were so large, how come everyone missed them? Why did nobody notice it'?"

This article appeared in FinFacts on the 25th November 2008
Link to article.

Related Links
Professor Luis Garicano is an Associate of the Productivity and Innovation Programme at the Centre for Economic Performance.
Luis Garicano webpage
Productivity and Innovation Programme webpage