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Author Roberts, Russell, author.

Title Gambling with Other People's Money : How Perverse Incentives Caused the Financial Crisis / Russ Roberts.

Publication Info. [Place of publication not identified] : Hoover Institution Press, [2019]
©2019

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Description 1 online resource (112 pages)
Access Access limited to subscribing institutions.
Summary What caused the Financial Crisis of 2008? While government mandates and private sector mistakes did contribute to the crisis and can be blamed at least in part for what happened, this book takes a different approach. Russ Roberts argues that the true underlying cause of the mess was the past bailouts of large financial institutions that allowed these institutions to gamble carelessly because they were effectively using other people's money. The author warns that despite the passage of Dodd-Frank, it is widely believed that we have done nothing to eliminate 'Too Big to Fail.' That perception allows the largest financial institutions to continue to gamble with taxpayer money.
Note Print version record.
Subject Finance -- Government policy -- United States -- History -- 21st century.
Financial crises -- United States -- History -- 21st century.
Financial leverage -- United States -- History -- 21st century.
Global Financial Crisis, 2008-2009.
Monetary policy -- United States -- History -- 21st century.
BUSINESS & ECONOMICS / Economics / General.
Genre/Form Electronic books.
Other Form: Print version: Roberts, Russell. Gambling with other people's money. Arlington, Va. : Mercatus Center at George Mason University, 2016. 9781942951322 (English, pbk.) (DLC)2016049646
Standard No. 9780817921866
ISBN 9780817921866 (epub)
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