Last year, I wrote a blog post in which I discussed my findings from a working paper that showed how the so-called “Recourse Rule,” a regulation that lowered bank holding company capital requirements for the financial products at the heart of the last crisis, could have contributed to the last crisis.
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The Recourse Rule and Its Role in the Last…
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Last year, I wrote a blog post in which I discussed my findings from a working paper that showed how the so-called “Recourse Rule,” a regulation that lowered bank holding company capital requirements for the financial products at the heart of the last crisis, could have contributed to the last crisis.