IMHO, the top 10% of management of a TBTF institution should get to spend a year in prison if that institution requires a bailout. Effective incentives are probably easier to design, less expensive, less complex and more effective than regulations. FAFO.
IMHO, the top 10% of management of a TBTF institution should get to spend a year in prison if that institution requires a bailout. Effective incentives are probably easier to design, less expensive, less complex and more effective than regulations. FAFO.
Thanks Tom. The winds of change bringing new relief?