Financial Times - Facts belie the diagnosis on credit derivatives

Terry Smith argues that the report on Current Issues Affecting the OTC Derivatives Market and its Importance to London makes for alarming reading, if one believes that politicians and regulators should approach the financial crisis as the medical profession would approach a sick patient: by diagnosing the illness and then prescribing treatment.

The Guardian - G20: urban myths and meddling

Terry Smith states that there are some unpalatable facts which it is vital for the G20 leaders to understand if they are to tackle the financial crisis effectively.