Ten years after the great financial crisis, things could have been so different

The shock waves from the great financial crisis have finally reached the shore. Turns out socialism for the rich doesn’t play well with electorates, says Tim Price.

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It has taken a decade, but the shock waves from the collapse of Lehman Brothers have finally reached the shore.
(Image credit: 2010 Getty Images)

"When Roger Williams got his turn at the microphone earlier this month, his question for the bank CEOs lined up before the House committee on financial services seemed an unusual one to put to seven sharp-suited financiers. "Are you a socialist or are you a capitalist ?" the Texas Republican asked each of them, from Citigroup's Mike Corbat to David Solomon of Goldman Sachs."

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Tim Price is co-manager of the VT Price Value Portfolio and author of "Investing through the Looking Glass: a rational guide to irrational financial markets".