IMF boss Dominque Strauss-Kahn says their warnings were ignored
The head of the International Monetary Fund (IMF) told BBC business reporter Michelle Fleury it had not done enough.
Dominque Strauss Kahn admitted it had not foreseen the scale of the crisis. He conceded IMF warnings about the risks banks were taking on were not pursued seriously enough with governments and regulators.
Angel Gurria says governments and markets must work together better
The head of the Organisation for Economic Co-operation and Development (OECD), the rich nations' club which generally backs free markets, admitted to the BBC the crisis showed that markets needed regulation to work properly.
OECD Secretary General Angel Gurria told BBC business reporter Nigel Cassidy that a lack of supervision of US mortgage markets was the root cause of the crisis.
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