Perverse incentives cause real harm
There is a lot of moral outrage about the big bonuses, but, as this world-class economist argues, the dysfunctional sides of people on ‘high-powered’ incentives (as they’re called in economics), […]
Here is one reason why we don’t trust the markets
European banks, downright scary….
AIG, or yet another way Wall Street comes off lightly at the expense of tax payers..
One only has to read the headline of the article below to understand that temporary nationalization of dud financial institutions would have been a much better solution…
US Banks finding yet another way to rip off the taxpayer
Hmm, as if there weren’t already enough ways. Of course, temporary nationalization would have prevented all of that, but we admit we’re getting a bit like a broken record on […]
All plain sailing from here onwards?
Not according to some..
After deregulation comes…
“Re-regulation!”
It’s all our fault!
Apparently, the Dutch are to blame for the financial mess today. That’s news to us. The line of causation stretches quite a bit though….
Finally, light at the end of the tunnel?
Home prices stabilize..
Deflation instead of inflation..
And potentially much more nasty…
Backdoor nationalization?
The Obama Government seems to be wising up on it’s bank policy. We have always argued that providing capital is way more effective than buying up dud assets…