[Globes] Adrian Filut - Prof. Robert Aumann, 78, who was awarded the Nobel Prize in Economics in 2005 for his work on game theory economics, said: "In Israel there is no financial crisis. There are no banks collapsing here and our situation is different from the U.S. What we have here is a psychological crisis and not an economic one. If they were to intervene here without any need to, they would only endorse the feeling of crisis, while creating a real crisis. It is good that they haven't done so." Aumann was critical of U.S. policies. "The intervention...to save financial institutions wasn't smart. They are just giving incentives to the institutions to again take uncalculated risks and collapse again."
2008-11-04 01:00:00Full ArticleBACK Visit the Daily Alert Archive