Yournamehere Professornamehere Classnamehere December 11, 2009 Marketing and Illusory Importance of Image in the Consumption Economy In August, 2007, a financial crisis began “wreaking havoc in markets in the U.S. and across the world” (Baily, Litan, & Johnson 2). The Brookings Institute on Business and Public Policy declared that the crises stemmed from: “an asset price bubble that interacted with new kinds of financial innovations that masked risk; with companies that failed to follow their own risk management procedures; and with regulators and supervisors that failed to restrain excessive risk taking” (Baily, Litan, & Johnson 2). While these decisions may have directed the market into dangerous territories, the propulsive force...The end:
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