Ethical Failures in Regulating and Supervising: The Pursuit of Safety Net Subsidies

Ethical Failures in Regulating and Supervising: The Pursuit of Safety Net Subsidies

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Ethical Failures in Regulating and Supervising: The Pursuit of Safety Net Subsidies

This paper traces the financial institution crisis of 2007-2008 to a breakdown in the incentives of regulators, supervisors, managers, and investors to perform adequate due diligence on securitized investments.

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