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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Gambling with Other People's Money: How Perverse Incentives Caused the Financial Crisis Volume 692

Gambling with Other People's Money: How Perverse Incentives Caused the Financial Crisis Volume 692

Roberts, Russ

Paperback

AccountingEconomics

Currently unavailable to order

ISBN10: 0817921850
ISBN13: 9780817921859
Publisher: Hoover Inst Pr
Published: Jan 1 2019
Pages: 112
Weight: 0.35
Height: 0.40 Width: 5.50 Depth: 8.40
Language: English
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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