Gambling with Other People's Money

Editore: Hoover Institution Press Data di rilascio: 2019-01-01
Punti Necessari: 750


Descrizione

What caused the Financial Crisis of 2008? While government mandates and private sector mistakes did contribute to the crisis and can be blamed at least in part for what happened, this book takes a different approach. Russ Roberts argues that the true underlying cause of the mess was the past bailouts of large financial institutions that allowed these institutions to gamble carelessly because they were effectively using other people's money. The author warns that despite the passage of Dodd-Frank, it is widely believed that we have done nothing to eliminate ‘Too Big to Fail.' That perception allows the largest financial institutions to continue to gamble with taxpayer money.

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Informazioni Aggiuntive

Genere: Banking

Raccolta: Hoover Institution Press

Genere: Adobe PDF

ISBN: 9780817921880

Informazioni Aggiuntive

Genere: Banking

Raccolta: Hoover Institution Press

Genere: Adobe PDF

ISBN: 9780817921880

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