Financial Times FT.com

Dangers: Credit crunch holds many key lessons for the future

By Mike Scott

Published: June 3 2009 19:20 | Last updated: June 3 2009 19:20

The most high-profile attempt to boost financial inclusion in recent years has been in the news for all of the wrong reasons. The sub-prime crisis in the US has its roots in attempts by Bill Clinton to increase access to credit for low-income families.

So does the sub-prime debacle hold lessons for institutions looking to extend access to financial services to the unbanked and underbanked in other parts of the world?

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