When free markets fail : saving the market when it can't save itself

McCleskey, Scott

When free markets fail : saving the market when it can't save itself / Scott McCleskey - xxvi, 198 pages

Includes index.

Preface : In defense of regulation (and of free markets) Introduction : Why regulatory reform matters to you Meltdown in the markets : systematic risk Can an institution be too big to fail? Moral hazard Toxic assets Should regulation stifle innovation? Rewarding success, rewarding failure : incentives and compensation Who protects the costumer? Transparency : letting the sun shine in, or sipping water from a firehose? Rebuilding the regulatory structure Rating the raters : the role of credit rating agencies The politics of regulation Nice law, now go do it : regulators and compliance officers Cost-benefits analysis It's a small world, after all Where do we go from here? conclusions, observations, and recommendations Judging for yourself

9780470603369


Financial institutions--State supervision--United States
Financial institutions--Government policy--United States



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