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Last Resort: The Financial Crisis and the Future of Bailouts

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Last Resort: The Financial Crisis and the Future of Bailouts - Posner, Eric A
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The bailouts during the recent financial crisis enraged the public. They felt unfair-and counterproductive: people who take risks must be allowed to fail. If we reward firms that make irresponsible investments, costing taxpayers billions of dollars, aren't we encouraging them to continue to act irresponsibly, setting the stage for future crises?

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Last Resort: The Financial Crisis and the Future of Bailouts 2018, University of Chicago Press

ISBN-13: 9780226420066

Hardcover