Entries tagged "moral hazard"
The idea of eliminating FDIC fees would create moral hazard as the check on risk taking would be removed and more bailouts would likely ensue.
The marriage of shareholder governance and the belief that excessive compensation is the root of all evil is an uneasy one, as Harvard Law's Lucian Bebchuk reveals in a FT column.
Criticism continues to rain down on the president's regulatory reform proposals, but only Martin Wolf is bold enough to suggest a return to shareholder liability.
Baseline Scenario's James Kwak and Simon Johnson explore crony capitalism's role in today's financial crisis.
