Choices in Financial Regulation

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2 Responses

  1. Joe says:

    I don’t think there’s ever a way to prevent what just happened. People are too creative, and too willing to make money at someone else’s expense.

  2. D says:

    I agree with 1. We need some device that snares people like Angelo Mozilo or Joe Cassano. Please don’t throw the whole ‘stifling risk taking’ argument. I’m sure we possess the linguistic agility to come up with language that appropriately holds those, who make such reckless decisions that have a drastic and disastrous effect on the world economy, accountable while simultaneously not stifling ‘risk taking.’