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&lt;i&gt;People from Wall Street to Main Street were caught off-guard as Lehman Brothers fell and the rest of the financial system seemed to be on the verge of collapse. But according to &lt;b&gt;Carmen Reinhart&lt;/b&gt;, Professor of Economics at the University of Maryland and co-author of This Time is Different, &lt;b&gt;global financial crises have followed a predictable pattern for centuries—and  policy-makers and regulators should have seen this coming&lt;/b&gt;. Here is what she had to say about the state of our economy, the contributing causes of financial crises, and what we can do to help prevent them in the future.&lt;/i&gt;&lt;b&gt; [Read more]&lt;/b&gt;&lt;p&gt;&lt;i&gt;&lt;b&gt;--Posted by Arielle Shipper, RecessionWire.com&lt;/b&gt;&lt;/i&gt; &lt;p&gt; Screwed: 10,000 at GM &lt;br&gt;SRecession Briefing 11.05: Wearing Your Dirty Laundry &lt;br&gt;3 Tips for Landing a Small Business Loan &lt;br&gt;

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This Time Isn’t Different

People from Wall Street to Main Street were caught off-guard as Lehman Brothers fell and the rest of the financial system seemed to be on the verge of collapse. But according to Carmen Reinhart, Professor of Economics at the University of Maryland and co-author of This Time is Different, global financial crises have followed a predictable pattern for centuries—and  policy-makers and regulators should have seen this coming.

People from Wall Street to Main Street were caught off-guard as Lehman Brothers fell and the rest of the financial system seemed to be on the verge of collapse. But according to Carmen Reinhart, Professor of Economics at the University of Maryland and co-author of This Time is Different, global financial crises have followed a predictable pattern for centuries—and policy-makers and regulators should have seen this coming.

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