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The Great Bailout Of 2008-09, Frederick Tung
The Great Bailout Of 2008-09, Frederick Tung
Faculty Scholarship
My task today is to talk about the financial crisis. I only have a short time to talk, so rather than try to give you a comprehensive analysis of events, I'm going to offer some of my own idiosyncratic takes on what has been happening. In addition, I will introduce my own small reform proposal for regulating bank risk taking. So, I'll give you a little bit of news, a little bit of weather, a little bit of everything.
Where are we now? Let us begin with a statement Henry Paulson made six months ago while Bear Steams was getting …