I’m sure it could be true, so it’s worth sharing even if it is an urban legend.
Archive for April 30th, 2010
More Regulation Will Increase Systemic Risk
Posted in Bailout, Economics, Financial Crisis, Regulation, Uncategorized, tagged Bailouts, Financial Crisis, Regulatoin on April 30, 2010 | Leave a Comment »
One bonus of speaking at the Global Financial Services Centres Conference in Dublin earlier this week is that I got to listen to Paul Atkins, a former Commissioner at the Securities and Exchange Commission. Unlike many others who have served in that role, Paul understands economics and recognizes the limited value of government regulation. Here’s [...]
Excellent Primer on the Financial Crisis
Posted in Bailout, Fannie Mae, Financial Crisis, Freddie Mac, Government intervention, Uncategorized, tagged Bailout, Fannie Mae, Financial Crisis, Freddie Mac, Government intervention, Housing on April 30, 2010 | 4 Comments »
Russ Roberts of George Mason University has written a very good article for the Mercatus Center explaining – for economists and non-economists – how government intervention created distortions in the housing and finance sectors. He also blames Wall Street, paticularly for lobbying for the policies that caused the distortions and led to the financial crisis. [...]
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