Tag Archives: double liability

There ought to be a law

Have you ever watched a major league infielder boot a routine ground ball and thought: “For the amount of money he’s being paid, he shouldn’t make that kind of rookie mistake”?  As a fan, it is frustrating. That is how … Continue reading

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More capital

The Financial Times reports that a study conducted by Bank of England researchers finds that the current level of risk-weighted capital held by banks (about 7 percent) is woefully inadequate to protect against future financial crises.  Calibrating their model with … Continue reading

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Make them pay…make them pay

Carried away by ever-rising real estate prices and aided and abetted by new types of financial instruments, the financial system’s overindulgence in risk has left taxpayers with a nasty hangover, a hefty tab, and a desire to make someone pay. … Continue reading

Posted in subprime crisis | Tagged , , , , , , , | 1 Comment