Newsweek: the Internet led to financial crisis

"Newsweek" "Age of the Internet's first disaster". The article points out that more than a decade, the Internet on the world financial system has played a very important and useful role of the Internet, but also let us into oblivion in the data, making most people do not see the formation of the credit crisis.
For more than a decade, the Internet so that the chaotic financial markets more transparent and to create a new generation of ordinary investors who want to invest from Standard & Poor's 500 palm oil futures to anything, it has become a shrinking world A global village. This view of the strongest supporters is Alan Greenspan. At the same time, so that freedom of information, the Internet has also put us in the annihilation of data, making most people do not see the formation of the credit crisis.
With the Internet, anyone who set up an on-line trading accounts will be able to become the world's investors, but along with that freedom comes the responsibility is enormous: not to rely on government oversight of the case clearly in his own doing. The current generation of bankers for the first time will use network technology to the extreme. This was brought about by lower costs and faster transactions at the same time, also contributed to the current crisis.