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The last known surviving member of the architects of the global financial system says poor supervision of banks is behind today's crisis. Jacques Polak, one of the 700 delegates to the 1944 Bretton Woods conference that led to the creation of the World Bank and International Monetary Fund, says calls for a shake-up of the global system are politically appealing but not the solution.

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Founder says IMF system should work

The last known surviving member of the architects of... (more)

Channel:Voxant Newsroom Category:Business Views:5

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In 1944, the Bretton Woods conference of international delegates in the United States made history. The plan was to avoid a repeat of the Great Depression of the 1930s. The outcome was the...

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The last known surviving member of the architects of the global financial system says poor supervision of banks is responsible for today's crisis. Video courtesy of Reuters. (Nov. 13)

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